Chapter

Second-wave neoliberalism in the 1990s: Clinton's market globalism and Blair's Third Way

Manfred B. Steger and Ravi K. Roy

in Neoliberalism

Published in print January 2010 | ISBN: 9780199560516
Published online September 2013 | e-ISBN: 9780191777448 | DOI: http://dx.doi.org/10.1093/actrade/9780199560516.003.0003

Series: Very Short Introductions

Second-wave neoliberalism in the 1990s: Clinton's market globalism and Blair's Third Way

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Many of the major policies of neoliberalism were embraced by political parties of the democratic left. ‘Second-Wave Neoliberalism in the 1990s: Clinton's Market Globalism and Blair's Third Way’ examines how US President Bill Clinton and British Prime Minister Tony Blair adopted many of their predecessors neoliberal policies and sought to incorporate them in a more socially progressive agenda. Clinton's market globalism was a response to the collapse of Soviet Communism and Blair's Third Way was an attempt to balance the economic and non-economic life of society. Second-wave neoliberalism represented an innovative blend of market-oriented thinking and moderate social policies.

Keywords: Tony Blair; Bill Clinton; market; neoliberalism; third way

Chapter.  6727 words.  Illustrated.

Subjects: Political Theory

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