This title was first published in 2003. The creation of a »Third Way » between unfettered capitalism and old-style Keynesian-corporatist forms of social democracy has become the driving force behind the policy programmes of many left-of-centre political parties in the industrialised nations of the world today. Sweden and the »Third Way » critically evaluates this »new » social democracy by examining the profound shift in Swedish political economy from being the prototype old-style social democracy towards the »Third Way » synthesis of neo-liberalism and elements of traditional social democracy. Philip Whyman evaluates internal and external challenges to Swedish macroeconomic policy – including globalisation, European integration, post-Fordist technological change and the relative empowerment of capital – to discover the extent to which national economic autonomy is constrained. Furthermore, he considers the plausibility of revising the core elements of the traditional »Swedish Model » as an alternative to the prevailing macroeconomic platform.
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