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The political economy of the third way: the relationship between globalisation and national economic policy

Lee, D; Lee, Simon

Authors

D Lee

Dr Simon Lee S.D.Lee@hull.ac.uk
Senior Lecturer/ Faculty Ethics Committee

Abstract

An analysis of the relationship between globalisation and national economic policy by focusing upon the political economy of the third way developed by the Blair and Brown Governments. The chapter concludes that the onset of the severest global recession since the Great Depression has shown how the third way overestimated the capacity of national governments to manage the economic, political and social consequences of the risk, volatility and contagion that is characteristic of liberalised global markets.

Publication Date Apr 29, 2011
Pages 407 - 419
Edition second
Book Title The Handbook of Globalisation
ISBN 978-1-84980-369-4
Institution Citation Lee, D., & Lee, S. (2011). The political economy of the third way: the relationship between globalisation and national economic policy. The Handbook of Globalisation, 407 - 419. (second). Edward Elgar Publishing Ltd
Keywords Globalization; Third Way; modernization; political economy; New Labour