Supply side policies became a focus of many governments

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Supply side policies, also known as neoliberal policies, gained prominence in the 1980s and 1990s during the era of Reaganism and Thatcherism. These policies focus on promoting economic growth by reducing barriers for businesses to invest, produce, and create jobs. They often involve deregulation, privatization, and tax cuts for businesses and high-income individuals. The proponents of supply side policies argue that they can increase economic efficiency, productivity, and competitiveness, which can lead to higher output, employment, and income. However, opponents criticize these policies for exacerbating income inequality, environmental degradation, and social polarization, and for neglecting the role of public goods and services in supporting economic development.

Supply Side Policies Became a Focus of Many Governments