Indonesia’s Pancasila Economy: The Significance of Law in Sustainable Development

DOI

10.2991/978-2-38476-315-3_86How to use a DOI?

Keywords

Law; Sustainable Development; Economy; Pancasila

Abstract

In an effort to achieve legal certainty, usefulness, and fairness, law plays a role in completing the frameworks of the ongoing legal order in a structured, systematic, stable, and predictable manner. Development cannot be carried out without compliance with the law; this is necessary to maintain legal clarity and prevent the denial of others’ rights, which can result in losses and injustices. The Indonesian economic system has long included the Pancasila economy. The Pancasila economic system, which emphasizes the values of kinship and mutual cooperation, has long been a part of the society, especially in rural areas. Laws and regulations that could be seen as sources of law (normative ideology) in Indonesia incorporate Pancasila values. Global currents do not prevent the emergence of new ideas, which represent a danger to Pancasila. The results of the research found that economic problems are the practice of capitalism, injustice caused by public policy, oligarchic problems, monopoly, intentionality in the form of games in the licensing system, this shows that there is a deliberate intention to increase market prices, the closeness of the relationship causes undesirable tensions, which eventually leads to monopolies and monopsony. The purpose of law in sustainable development is to realize the Pancasila economy based on the divine perspective, the spirit of nationality, and the spirit of humanity in achieving justice. Through political and legal efforts, efforts to realize the Pancasila economy are being carried out. Development is not only from the economic aspect but for all aspects of people’s lives based on the values of Pancasila.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yenni Dyah Retnoningsih
AU  - Mohammad Jamin
PY  - 2024
DA  - 2024/12/24
TI  - Indonesia’s Pancasila Economy: The Significance of Law in Sustainable Development
BT  - Proceedings of the International Conference on Cultural Policy and Sustainable Development (ICPSD 2024)
PB  - Atlantis Press
SP  - 634
EP  - 640
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-315-3_86
DO  - 10.2991/978-2-38476-315-3_86
ID  - Retnoningsih2024
ER  -