Indonesian Sustainable Economic Development in The Institutional Perspective
- DOI
- 10.2991/aebmr.k.200305.085How to use a DOI?
- Keywords
- Sustainable development, economic growth
- Abstract
Sustainable development is a comprehensive and balance concept to achieve a human quality of life all the time and generation. The sustainable development concept is a correction of the classical model of economic development that concentrates on economic growth despite failing to attain public welfare. Otherwise, the implementation of sustainable development is still hampered by the weak of an institutional system. Weak institutional system causing a conflict of interest and activities of economic rent-seekers and Free Rider, which accelerates the process of destruction and scarcity of natural resources, especially unrenewable resources. Therefore institutional arrangement and enforcement of the rules through the instrument of taxation, subsidies, quotas, and increased community participation with the local wisdom approach should be considered by the policymakers.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Syamsul Amar AU - Alianis AU - Ariusni AU - Alpon Satrianto PY - 2020 DA - 2020/03/10 TI - Indonesian Sustainable Economic Development in The Institutional Perspective BT - Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019) PB - Atlantis Press SP - 319 EP - 323 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200305.085 DO - 10.2991/aebmr.k.200305.085 ID - Amar2020 ER -