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Social Democracy in Neoliberal TimesThe Left and Economic Policy since 1980$
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The Late Andrew Glyn

Print publication date: 2001

Print ISBN-13: 9780199241378

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199241378.001.0001

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The Political Economy of Social Democratic Economic Policies: The Pasok Experiment in Greece

The Political Economy of Social Democratic Economic Policies: The Pasok Experiment in Greece

Chapter:
(p.138) 6 The Political Economy of Social Democratic Economic Policies: The Pasok Experiment in Greece
Source:
Social Democracy in Neoliberal Times
Author(s):

Euclid Tsakalotos

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199241378.003.0006

PASOK, the Panhellenic Socialist Movement of Greece, is regarded as the most dominant and successful social democratic party in European politics. However, the chapter discusses its failure in the economic realm. In a similar style to other socialist experiments conducted by the administration, the movement began with the endorsement of two long-term targets of social democracy — to enhance the resource allocation techniques and empower the justice system. But these objectives are not enough to infer its successful incorporation in a market economy. Such undertakings are believed to contribute positively to the restructuring, policymaking decisions, modernisation, improved social control, and organisational reforms of the Greek economy.

Keywords:   PASOK, social democracy, European politics, economy, socialist economy, Greece, justice

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