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GLOBALIZATION, STRENGTHENING OF INDONESIAN LOCAL MARKET CHARACTER AS CONSEQUENCES AND REALITY OF OPEN ECONOMIC SYSTEM
Corresponding Author(s) : Didin Fatihudin
Humanities & Social Sciences Reviews,
Vol. 7 No. 3 (2019): May
Abstract
Purpose of Study: Globalization impacts of advances in science, technology and information. Any country in the world including Indonesia can not avoid globalization. There is no time limit, space and territory. There is a pull of two concepts of economic development. Economic growth (Capitalism) or welfare economy (Socialism), or a mixture of both (mixs). Indonesia adheres to the mix. Natural resource wealth is not enough. More important is the quality and character of Indonesia’s strong human resources.
Methodology: The growth of goods and services, there are three aspects of character change to improve the welfare of the Indonesian nation; (1) the number of literacy (education); (2) life expectancy (health), and (3) ability of purchasing power (income). Government development and regulatory policies; (1) allocation; (2) distribution; And (3) stabilization is intended solely for income distribution and reducing economic disparities.
Result: Exploitation and exploration of production factors, production efficiency, capitalization of capital and market expansion is the impact of globalization. Globalization and the strengthening of local market traits are indications of the consequences of Indonesia’s open economic system.
Implications/Applications: The impact of the economic crisis lies not on globalization itself, but lies in the Indonesian national identity itself in addressing Globalization.
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- Akbari, A., Abbasian, M., and Jansooz, P. (2013). Application of RAP Model in measuring the capabilities of attracting sources in the economy: A case study of the tourism sector in Sistan and Balucestan. UCT Journal of Social Sciences and Humanities Research, 1(1):16–21.
- Cornali, F. and Tirocchi, S. (2012). Globalization, Education, Information and Communication Technologies: What Relationships and Reciprocal Influences? Procedia - Social and Behavioral Sciences, 47:2060–2069. Doi: 10.1016/j.sbspro.2012.06.949. DOI: https://doi.org/10.1016/j.sbspro.2012.06.949
- Dmitriyeva, E. N. and Nikiforova, E. P. (2016). Intercultural Dimension in Teaching Language Courses in Higher School.
- International Electronic Journal of Mathematics Education, 11(10):3387–3396.
- Fatihudin, D. (2009). “Pengaruh Investasi swasta (Domestik-Asing) dan Belanja Modal Pemerintah terhadap Pertumbuhan Ekonomi, Penyerapan Tenaga Kerja dan Kesejahteraan Masyarakat Kab/Kota di Provinsi Jawa Timur.†[Foreign Invest- ments’ Effects and Government’s Expenditure Towards Economic Development, Job’s Opportunity and Public Welfare]. Program Doktor Ilmu Ekonomi Pascasarjana Universitas Airlangga, Research Grant.
- Gulzhanat, A., Akbota, A., Erbolat, B., Ainur, D., and Gaukhar, B. (2018). International motifs and plots in the Kazakh epics in China (on the materials of the Kazakh epics in China). Opción, 34(85):20–43.
- Jhingan, M. L. (2014). Economic Development and Planing 40th Edition. Delhi: Vrinda Publications P Ltd. Mankiw, N. G. (2010). Macroeconomics 7th Edition. New York: Worth Publishers.
- Mascarenhas, R. C. (2002). “Globalization and Its Effects on Capitalism.†In: A Comparative Political Economy of Industrial Capitalism, 96–112. London: Palgrave Macmillan. DOI: https://doi.org/10.1057/9780230597808_6
- Newbert, L. S. (2003). Realizing the Spirit and Impact of Adam Smith’s Capitalism through Entrepreneurship. Journal of Business Ethics, 46(3):251–258. doi: 10.1023/A:1025564030922. DOI: https://doi.org/10.1023/A:1025564030922
- Pressmen, S. (2000). Lima Puluh Pemikir Ekonomi Dunia [Fifty World Economy Thinkers]. Jakarta: Radja Grafindo.
- SAFDARI, M., ARAB, B. A., and BAGHERI, G. A. (2013). Realization of economic justice through teleworking. UCT Journal of Management and Accounting Studies, 1(1):11–13.
- Samuelson and Nordhaus (2004). Ilmu Makro Ekonomi [Macroeconomics]. Jakarta: Media global Edukasi.
- Selomo, M. R. and Govender, K. K. (2016). Procurement and Supply Chain Management in Government Institutions: A Case Study of Select Departments in the Limpopo Province. South Africa. Dutch Journal of Finance and Management, 1(1):37. https://doi.org/10.20897/lectito.201637. DOI: https://doi.org/10.20897/lectito.201637
- Seng, A. W. (2007). Rahasia Bisnis Orang Jepang [Secret of Japanese’s Business]. Jakarta: Mizan Publika.
- Shin, S.-H. (2009). A Study on the Economic Benefits of Globalization: Focusing on the Poverty and Inequality between the Rich and the Poor. International Area Studies Review, 12(2):191–214. doi: 10.1177/223386590901200210. DOI: https://doi.org/10.1177/223386590901200210
- Sirgy, M. J., Lee, D.-J., Miller, C., and Littlefield, J. E. (2004). The Impact of Globalization on a Country’s Quality of Life: Toward an Integrated Model. Social Indicators Research, 68(3):251–298. doi: 10.1023/B:SOCI.0000033577.34180.4b. DOI: https://doi.org/10.1023/B:SOCI.0000033577.34180.4b
- Stiglitz, J. E. (2003). Globalization and Its Discontents. Translated version. Jakarta: Ina Publikatama.
- Suleri, J. and Cavagnaro, E. (2016). Promoting Pro-environmental Printing Behavior: The Role of ICT Barriers and Sustainable Values. Dutch Journal of Finance and Management, 1(1):38. DOI: https://doi.org/10.20897/lectito.201638
- Todaro, M. P. (2000). Pembangunan Ekonomi di Dunia Ketiga [Economy Development in Third World]. Translated by Haris Munandar. Jakarta: Erlangga.
- Trámpuz, Juan Pablo, and Daniel Barredo Ibáñez (2018). Convergencia y medios universitarios: Una aproximación al nuevo escenario ecuatoriano. Opción, 34(86):898–923.
- World Bank-UNDP (1990). Human Development Index. .
- Yarullin, I. F., Prichinin, A. E., and Sharipova, D. Y. (2016). Risk Management of an Education Project. International Electronic Journal of Mathematics Education, 11(1):45–56.
References
Akbari, A., Abbasian, M., and Jansooz, P. (2013). Application of RAP Model in measuring the capabilities of attracting sources in the economy: A case study of the tourism sector in Sistan and Balucestan. UCT Journal of Social Sciences and Humanities Research, 1(1):16–21.
Cornali, F. and Tirocchi, S. (2012). Globalization, Education, Information and Communication Technologies: What Relationships and Reciprocal Influences? Procedia - Social and Behavioral Sciences, 47:2060–2069. Doi: 10.1016/j.sbspro.2012.06.949. DOI: https://doi.org/10.1016/j.sbspro.2012.06.949
Dmitriyeva, E. N. and Nikiforova, E. P. (2016). Intercultural Dimension in Teaching Language Courses in Higher School.
International Electronic Journal of Mathematics Education, 11(10):3387–3396.
Fatihudin, D. (2009). “Pengaruh Investasi swasta (Domestik-Asing) dan Belanja Modal Pemerintah terhadap Pertumbuhan Ekonomi, Penyerapan Tenaga Kerja dan Kesejahteraan Masyarakat Kab/Kota di Provinsi Jawa Timur.†[Foreign Invest- ments’ Effects and Government’s Expenditure Towards Economic Development, Job’s Opportunity and Public Welfare]. Program Doktor Ilmu Ekonomi Pascasarjana Universitas Airlangga, Research Grant.
Gulzhanat, A., Akbota, A., Erbolat, B., Ainur, D., and Gaukhar, B. (2018). International motifs and plots in the Kazakh epics in China (on the materials of the Kazakh epics in China). Opción, 34(85):20–43.
Jhingan, M. L. (2014). Economic Development and Planing 40th Edition. Delhi: Vrinda Publications P Ltd. Mankiw, N. G. (2010). Macroeconomics 7th Edition. New York: Worth Publishers.
Mascarenhas, R. C. (2002). “Globalization and Its Effects on Capitalism.†In: A Comparative Political Economy of Industrial Capitalism, 96–112. London: Palgrave Macmillan. DOI: https://doi.org/10.1057/9780230597808_6
Newbert, L. S. (2003). Realizing the Spirit and Impact of Adam Smith’s Capitalism through Entrepreneurship. Journal of Business Ethics, 46(3):251–258. doi: 10.1023/A:1025564030922. DOI: https://doi.org/10.1023/A:1025564030922
Pressmen, S. (2000). Lima Puluh Pemikir Ekonomi Dunia [Fifty World Economy Thinkers]. Jakarta: Radja Grafindo.
SAFDARI, M., ARAB, B. A., and BAGHERI, G. A. (2013). Realization of economic justice through teleworking. UCT Journal of Management and Accounting Studies, 1(1):11–13.
Samuelson and Nordhaus (2004). Ilmu Makro Ekonomi [Macroeconomics]. Jakarta: Media global Edukasi.
Selomo, M. R. and Govender, K. K. (2016). Procurement and Supply Chain Management in Government Institutions: A Case Study of Select Departments in the Limpopo Province. South Africa. Dutch Journal of Finance and Management, 1(1):37. https://doi.org/10.20897/lectito.201637. DOI: https://doi.org/10.20897/lectito.201637
Seng, A. W. (2007). Rahasia Bisnis Orang Jepang [Secret of Japanese’s Business]. Jakarta: Mizan Publika.
Shin, S.-H. (2009). A Study on the Economic Benefits of Globalization: Focusing on the Poverty and Inequality between the Rich and the Poor. International Area Studies Review, 12(2):191–214. doi: 10.1177/223386590901200210. DOI: https://doi.org/10.1177/223386590901200210
Sirgy, M. J., Lee, D.-J., Miller, C., and Littlefield, J. E. (2004). The Impact of Globalization on a Country’s Quality of Life: Toward an Integrated Model. Social Indicators Research, 68(3):251–298. doi: 10.1023/B:SOCI.0000033577.34180.4b. DOI: https://doi.org/10.1023/B:SOCI.0000033577.34180.4b
Stiglitz, J. E. (2003). Globalization and Its Discontents. Translated version. Jakarta: Ina Publikatama.
Suleri, J. and Cavagnaro, E. (2016). Promoting Pro-environmental Printing Behavior: The Role of ICT Barriers and Sustainable Values. Dutch Journal of Finance and Management, 1(1):38. DOI: https://doi.org/10.20897/lectito.201638
Todaro, M. P. (2000). Pembangunan Ekonomi di Dunia Ketiga [Economy Development in Third World]. Translated by Haris Munandar. Jakarta: Erlangga.
Trámpuz, Juan Pablo, and Daniel Barredo Ibáñez (2018). Convergencia y medios universitarios: Una aproximación al nuevo escenario ecuatoriano. Opción, 34(86):898–923.
World Bank-UNDP (1990). Human Development Index. .
Yarullin, I. F., Prichinin, A. E., and Sharipova, D. Y. (2016). Risk Management of an Education Project. International Electronic Journal of Mathematics Education, 11(1):45–56.