Commentary On "Third Way" Of Clinton

The trend of globalization speed-up after Cold War ended since 1990^th. But there was something wrong with "Reagan' Economics" which pursued by the United States government, the American economy began to shrink.Clinton gave up the traditional liberalism of the Democratic party, as well as the conservatism of the Republican party as soon as he became the president of the United States, and carried out the "Third way that was cross between the former two."The "Third way" covered both the ideas and policy proposals on economy, ideology and society of Clinton. Because of the implementation of the "Third way", the American economy began to prosper again.There are three parts in the main body.The first part focuses on the historical background of the "Third way". Firstly, the international situation was different. The Cold War between the two comps ended, and the economic globalization strengthened as a result. Secondly, "Reagan's economics" was not right for America's economy any more, and the benefit system was had to be improved. All these resulted in the shrink of the domestic economy. As the new president, Clinton adjusted the development strategy timely and had a new course------the "Third way" at last.The second part elaborates on the contents of the "Third way". They are financial policies, currency policies scientific and education policies, as well as benefit policies.The third part evaluates Clinton's "Third way". The dissertation sets eyes both on the impact and significance, as well as the defects of the "Third way". Although it had good influence on the reform of Western states, it resulted in the decent of residents' deposit and the increase of trade deficit.