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date: 03 July 2022

p. 503. Second-wave neoliberalism in the 1990s: Clinton's market globalism and Blair's Third Waylocked

p. 503. Second-wave neoliberalism in the 1990s: Clinton's market globalism and Blair's Third Waylocked

  • Manfred B. Steger
  •  and Ravi K. Roy

Abstract

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.

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