Abstract

The Third Way aims to work in the interests of people at large. Among other topics, the emphasis will be placed on the inclusive nature of the Third Way and how it can play a decisive role in reviving economies, protecting long cherished social programs, responding to the challenges of globalization and the rigours of technology. Although I don't necessarily agree with all aspects or policy associated with either or both Democratic and Labour views on economic and political questions in general, I'll attempt to assess, comment on, analyze and try to shed some light on a political and economic trend which seems to have caught the imagination of leading politicians worldwide. It will be shown that the Third Way can be the right alternative, both in terms of theory and realism. We will look at how Third Way principles can work for a country, while keeping in mind that what's good for one state may not be so for another. As the Third Way is still in its infancy, this study will explore how the issues of consensus-building, globalization, development, science, technology and social questions, and how we react to them, can contribute to the overall effectiveness of a truly Third Way logic that transcends traditional party lines.