Indonesia as Legal Welfare State: The Policy of Indonesian National Economic Law

Authors

  • Rian Saputra Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia
  • Silaas Oghenemaro Emovwodo Faculty of Art and Social Science, Universiti Brunei Darussalam, Brunei Darussalam

DOI:

https://doi.org/10.53955/jhcls.v2i1.21

Abstract

The purpose of this study is to ascertain the relationship between investment law and state sovereignty, and then to construct national investment law politics in the future in order to advance economic development and retain independence. This research is normative by taking a statutory approach and a conceptual approach. The study's findings indicate that investment is critical for economic growth and job creation. Governments throughout the world are aggressively competing to improve the business climate and so encourage investment activities, but this competition should be controlled and emphasize domestic capital, as it signals to Indonesian state leaders that investment is a priority. While the contribution of foreign funds or foreign aid is not denied in developing Indonesia's declining economy, it must first rely on domestic capabilities as a source of development funds to ensure that the existence of foreign sources of funds does not result in dependence on foreign parties and that foreign heads of funds are used for the benefit of the people's economy.

Keywords

Policy;

Economic Law;

Welfare;

References

Afonso, André S., Leonardo L. Fidelis, Pedro L. Roque, Renato Galindo, Wanderson Dionisio, Leonardo B. Veras, and others, ‘Public Support for Conservation May Decay with Increasing Residence Time in Suboptimal Marine Protected Areas’, Marine Policy, 108.January (2019), 103665 https://doi.org/10.1016/j.marpol.2019.103665

Ajija, Shochrul Rohmatul, Arivia Fikratuz Zakia, and Rudi Purwono, ‘The Impact of Opening the Export Promotion Agencies on Indonesia’s Non-Oil and Gas Exports’, Heliyon, 7.8 (2021), e07756 https://doi.org/10.1016/j.heliyon.2021.e07756

Alotaibi, Norah Basheer, and Muaadh Mukred, ‘Factors Affecting the Cyber Violence Behavior among Saudi Youth and Its Relation with the Suiciding: A Descriptive Study on University Students in Riyadh City of KSA’, Technology in Society, 68.January (2022), 101863 https://doi.org/10.1016/j.techsoc.2022.101863

Aytekin, Ahmet, Fatih Ecer, Selçuk Korucuk, and Çağlar Karamaşa, ‘Global Innovation Efficiency Assessment of EU Member and Candidate Countries via DEA-EATWIOS Multi-Criteria Methodology’, Technology in Society, 68.November 2021 (2022) https://doi.org/10.1016/j.techsoc.2022.101896

Biondo, Monica V., and Rainer P. Burki, ‘Monitoring the Trade in Marine Ornamental Fishes through the European Trade Control and Expert System TRACES: Challenges and Possibilities’, Marine Policy, 108.January (2019), 103620 https://doi.org/10.1016/j.marpol.2019.103620

Borch, Christian, ‘Machine Learning, Knowledge Risk, and Principal-Agent Problems in Automated Trading’, Technology in Society, 68.January (2022), 101852 https://doi.org/10.1016/j.techsoc.2021.101852

Chowdhury, Md Rayhan, Md Sabbir Ahamed, Md Atik Mas-ud, Hiya Islam, Mst Fatamatuzzohora, Md Firose Hossain, and others, ‘Stomatal Development and Genetic Expression in Arabidopsis Thaliana L.’, Heliyon, 7.8 (2021), e07889 https://doi.org/10.1016/j.heliyon.2021.e07889

Cortés, Julián D., Mireia Guix, and Katerina Bohle Carbonell, ‘Innovation for Sustainability in the Global South: Bibliometric Findings from Management & Business and STEM (Science, Technology, Engineering and Mathematics) Fields in Developing Countries’, Heliyon, 7.8 (2021) https://doi.org/10.1016/j.heliyon.2021.e07809

Dian, Resti, and Suviwat Jenvitchuwong, ‘Implementation of Halal Product Assurance in the Pharmaceutical Sector in Indonesia’, Journal of Human Rights, Culture and Legal System, 1.3 (2021), 164–79 https://doi.org/https://doi.org/10.53955/jhcls.v1i3.19

Dimyati, Khudzaifah, Haedar Nashir, Elviandri Elviandri, Absori Absori, Kelik Wardiono, and Arief Budiono, ‘Indonesia as a Legal Welfare State: A Prophetic-Transcendental Basis’, Heliyon, 7.8 (2021), e07865 https://doi.org/10.1016/j.heliyon.2021.e07865

Hilborn, Ray, Christopher M. Anderson, Gordon H. Kruse, Andre E. Punt, Michael Sissenwine, Chris Oliver, and others, ‘Pramod et Al. Methods to Estimate IUU Are Not Credible’, Marine Policy, 108.August (2019), 103632 https://doi.org/10.1016/j.marpol.2019.103632

Iqra, Moh, Syabani Korompot, and Al-fatih David, ‘The Principle of Equality Before the Law in Indonesian Corruption Case : Is It Relevant ?’, Journal of Human Rights, Culture and Legal System, 1.3 (2021), 135–46 https://doi.org/10.53955/jhcls.v1i3.13

Khan, Ikram Ullah, ‘How Does Culture Influence Digital Banking? A Comparative Study Based on the Unified Model’, Technology in Society, 68.November 2021 (2022), 101822 https://doi.org/10.1016/j.techsoc.2021.101822

Kipkorir, Dennis, Francis Nturanabo, Robert Tewo, Hilary Rutto, and Christopher Enweremadu, ‘Properties of Waste-Distilled Engine Oil and Biodiesel Ternary Blends’, Heliyon, 7.8 (2021), e07858 https://doi.org/10.1016/j.heliyon.2021.e07858

Kusumastuti, Ratih Dyah, N. Nurmala, Juliana Rouli, and Herdis Herdiansyah, ‘Analyzing the Factors That Influence the Seeking and Sharing of Information on the Smart City Digital Platform: Empirical Evidence from Indonesia’, Technology in Society, 68 (2022), 101876 https://doi.org/10.1016/j.techsoc.2022.101876

Liwång, Hans, ‘Defense Development: The Role of Co-Creation in Filling the Gap between Policy-Makers and Technology Development’, Technology in Society, 68.January (2022), 101913 https://doi.org/10.1016/j.techsoc.2022.101913

Ma, Qiang, Muhammad Tariq, Haider Mahmood, and Zeeshan Khan, ‘The Nexus between Digital Economy and Carbon Dioxide Emissions in China: The Moderating Role of Investments in Research and Development’, Technology in Society, 68.November 2021 (2022), 101910 https://doi.org/10.1016/j.techsoc.2022.101910

Mishra, Utkarsh K, and Abhishek Negi, ‘Should Trade Remedies Be Eliminated from WTO : A Response to Tania Voon’, Journal of Human Rights, Culture and Legal System, 1.3 (2021), 194–200 https://doi.org/10.53955/jhcls.v1i3.17

Mohammad, Taufik, Nur Atikah Mohamed Hussin, and Mohd Heikal Husin, ‘Online Safety Awareness and Human Factors: An Application of the Theory of Human Ecology’, Technology in Society, 68.November 2021 (2022), 101823 https://doi.org/10.1016/j.techsoc.2021.101823

Mullié, W. C., ‘Apparent Reduction of Illegal Trawler Fishing Effort in Ghana’s Inshore Exclusive Zone 2012–2018 as Revealed by Publicly Available AIS Data’, Marine Policy, 108.February (2019), 103623 https://doi.org/10.1016/j.marpol.2019.103623

Nasrollahi, Maedeh, Abdolhamid Safaei Ghadikolaei, Rohollah Ghasemi, Morteza Sheykhizadeh, and Mehdi Abdi, ‘Identification and Prioritization of Connected Vehicle Technologies for Sustainable Development in Iran’, Technology in Society, 68.November 2021 (2022), 101829 https://doi.org/10.1016/j.techsoc.2021.101829

Nugroho, Setyo Widi, Ivan Pradhana, and Kevin Gunawan, ‘New Adaptation of Neurosurgical Practice and Residency Programs during the Covid-19 Pandemic and Their Effects on Neurosurgery Resident Satisfaction and Welfare at the National General Hospital, Jakarta, Indonesia’, Heliyon, 7.8 (2021), e07757 https://doi.org/10.1016/j.heliyon.2021.e07757

Oktora, Arif Purnama, and Hilaire Tegnan, ‘Strategy for Implementing Operations to Handle the Crime of Narcotics’, Journal of Human Rights, Culture and Legal System, 1.3 (2021), 201–13. https://doi.org/10.53955/jhcls.v1i3.18

Da Ros, Z., Antonio Dell’Anno, T. Morato, Andrew K. Sweetman, Marina Carreiro-Silva, Chris J. Smith, and others, ‘The Deep Sea: The New Frontier for Ecological Restoration’, Marine Policy, 108.August (2019) https://doi.org/10.1016/j.marpol.2019.103642

Santoveña-Casal, Sonia, and Ma Dolores Fernández Pérez, ‘Relevance of E-Participation in the State Health Campaign in Spain: #EstoNoEsUnJuego / #ThisIsNotAGame’, Technology in Society, 68 (2022) https://doi.org/10.1016/j.techsoc.2022.101877

Seeteram, N., Mahadev Bhat, B. Pierce, K. Cavasos, and D. Die, ‘Reconciling Economic Impacts and Stakeholder Perception: A Management Challenge in Florida Gulf Coast Fisheries’, Marine Policy, 108.August (2019), 103628 https://doi.org/10.1016/j.marpol.2019.103628

Smith, Angela, Janet E. Dickinson, Greg Marsden, Tom Cherrett, Andrew Oakey, and Matt Grote, ‘Public Acceptance of the Use of Drones for Logistics: The State of Play and Moving towards More Informed Debate’, Technology in Society, 68.November 2021 (2022), 101883 https://doi.org/10.1016/j.techsoc.2022.101883

Triasari, Devi, ‘Right to Sanitation : Case Study of Indonesia’, Journal of Human Rights, Culture and Legal System, 1.3 (2021), 147–63 https://doi.org/10.53955/jhcls.v1i3.20

Tungjitnob, Suchat, Kitsuchart Pasupa, and Boontawee Suntisrivaraporn, ‘Identifying SME Customers from Click Feedback on Mobile Banking Apps: Supervised and Semi-Supervised Approaches’, Heliyon, 7.8 (2021), e07761 https://doi.org/10.1016/j.heliyon.2021.e07761

Yuan, Baolong, and Xueyun Cao, ‘Do Corporate Social Responsibility Practices Contribute to Green Innovation? The Mediating Role of Green Dynamic Capability’, Technology in Society, 68.January (2022), 101868 https://doi.org/10.1016/j.techsoc.2022.101868

Downloads

Published

2022-04-02

Citation Check