The paper deals with the social democracy reform in terms of the "Third Way" concept of British sociologist Anthony Giddens. It briefly describes the evolution of social democracy subjects considering their establishment, period of prosperity and dominance, until the crisis and efforts undertaken for their restoration. Therefore it tends to analyse the main pillars and attributes of the "Third Way" concept based on the roots and the history of its creation. The paper does not aspire to provide definite judgement on this concept, but focuses more on the theoretical background and practical implementations trans-formed into real policies executed by selected political parties.
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