Author(s)

Zijie Liu

Corresponding Author

Zijie Liu

Abstract

There are fundamental differences between supply-side structural reform and supply-side economics in their influence on the world economy. The supply-side economics has damaged the economic interests of other countries. While Reagan's economics gradually revived the American economy, some other countries in the world fell into depression or were brewing a crisis. There is a hidden connection between the two. Supply-side structural reform helps to promote the common economic development of all countries and protect the stability of the world economic environment; it leaves room for later countries to develop; Besides, it also helps to fully revitalize the world economy and form a "community of destiny" for mutual benefit.

Keywords

Supply-Side Structural Reform; Supply-Side Economics; Capital; Labor