Contercyclical and Omnisbus Law

Sustainable Welfare Regulation Model in Accelerating Economic Benefit in Tourism During the Unintended Consequences of Covid-19 Pandemic in Coastal Areas

DOI

10.2991/assehr.k.211203.089How to use a DOI?

Keywords

Coastal Utilization; Covid-19; Tourism; Regulatory Model; Sustainable Welfare-Based

Abstract

The Indonesian government’s response to the Covid-19 pandemic is Government Regulator Number 23 the Year 2020 on National Economic Recovery Policy (Kebijakan Pemulihan Ekonomi Nasional/PEN). This paper aims to elaborate policy response due to the economic sustainability for the community and analyze the consequences of those policies. Firstly, we found that the PEN policy is a survival and recovery kit to guard business sustainability through a stimulant implementation policy by OJK based on POJK No.48/POJK.03/2020. This policy is a Countercyclical policy on the impact of Coronavirus Disease 2019, especially in business operations. Secondly, the Indonesian government creates a structural reform through Law No. 11 the Year 2020 on Omnibus Law to regulate and accelerate foreign investment in Indonesia. These two policies target four sectors of the economy, namely tourism, textile, housing, and automotive. The recent Omnibus Law needs to create models and variant modules as an alternative regarding its implementation of the law, especially during the Covid-19 pandemic. This research mainly focuses on the regulation model as an alternative to the policy implementation on tourism, particularly in the society living in the coastal areas. Tourism has many potential benefits in Indonesia. Nevertheless, it has been impacted negatively due to the Covid-19 pandemic. The coast area is significant since those places contribute to tourism and economic benefit to surrounding and national financial. Based on this research, the regulation model aimed to discuss the land utilities and how the Omnibus Law will challenge and support the structural reformation of tourism. This research elaborates and analyses the impact of the Omnibus Law and the current Indonesian government policy towards indigenous people on land and environment sustainability issues. This research conducts the Check and Balance analyses on sustainability and development towards society, economy, and environment (particularly on land). The research uses mixed methods with judicial normative and empirical approaches and gains data and legal cases to be analyzed.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Putri Purbasari Raharningtyas Marditia
AU  - Asmin Fransiska
AU  - A. Aris Swantoro
PY  - 2021
DA  - 2021/12/03
TI  - Contercyclical and Omnisbus Law
BT  - Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021)
PB  - Atlantis Press
SP  - 400
EP  - 407
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211203.089
DO  - 10.2991/assehr.k.211203.089
ID  - Marditia2021
ER  -