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The Third Way is a political term that gained currency in the late 1970s and early 1980s and is associated with the New Labour administration of Tony Blair, who served as UK’s prime minister from 1997 to 2007, but also with those of Bill Clinton in the US (1993-2001) and Gerhard Schroder in Germany (1998-2005), respectively. The term itself was developed by British sociologist Anthony Giddens and denotes a distinct political ideology that argues in favor of so-called “centrist” politics.

Essentially, Third Way proposals seek to reconcile right-wing and left-wing policies. More specifically, the “Third Way” aims to integrate center-right economic policies and center-left social policies. As such, the “Third Way” is really nothing short of a political stratagem whose underlying goal is to maintain the hegemony of capitalism by making the system sensitive to cultural and social sensibilities. Disregarding the left flank, embracing the “catch-all” thesis, and loosening the influence of labor in the economy and society at large while promoting at the same time the politics of multiculturalism define the politics and strategy of social-democratic parties that became part of the "Third Way" movement.