Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0
Numerous emerging economies have embraced Special Economic Zones (SEZs) as more than just an instrument for policymaking to encourage growth and industrial development. Today’s “SEZ 5.0,” which is based on novel digital inventions offers a gateway to economic progression. This research utilizes the...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Negeri Semarang
2023-11-01
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| Series: | JILS (Journal of Indonesian Legal Studies) |
| Subjects: | |
| Online Access: | https://journal.unnes.ac.id/sju/jils/article/view/67623 |
| _version_ | 1797245426332598272 |
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| author | Rufinus Hotmaulana Hutauruk David Tan Ampuan Situmeang Hari Sutra Disemadi |
| author_facet | Rufinus Hotmaulana Hutauruk David Tan Ampuan Situmeang Hari Sutra Disemadi |
| author_sort | Rufinus Hotmaulana Hutauruk |
| collection | DOAJ |
| description | Numerous emerging economies have embraced Special Economic Zones (SEZs) as more than just an instrument for policymaking to encourage growth and industrial development. Today’s “SEZ 5.0,” which is based on novel digital inventions offers a gateway to economic progression. This research utilizes the normative juridical method and secondary data based on library research. This research is novel in the way that it illuminates the numerous key lessons from effective SEZ practices, such as: geographical advantage, interoperability of zone strategic plan with the overarching development plan, acknowledging the context of the industry, and harnessing comparative advantage, as well as, making sure that SEZs are “special” in contexts of a business-friendly atmosphere supported by a sound statutory and regulatory model, along with the articulation of sustainable practices and adaptability towards the volatility of the market. This research recommends key policy lessons for the Indonesian SEZ governance. |
| first_indexed | 2024-04-24T19:26:43Z |
| format | Article |
| id | doaj.art-950e1982f0b841aaa669d8c92e8784b0 |
| institution | Directory Open Access Journal |
| issn | 2548-1584 2548-1592 |
| language | English |
| last_indexed | 2024-04-24T19:26:43Z |
| publishDate | 2023-11-01 |
| publisher | Universitas Negeri Semarang |
| record_format | Article |
| series | JILS (Journal of Indonesian Legal Studies) |
| spelling | doaj.art-950e1982f0b841aaa669d8c92e8784b02024-03-25T14:47:33ZengUniversitas Negeri SemarangJILS (Journal of Indonesian Legal Studies)2548-15842548-15922023-11-018245350010.15294/jils.v8i2.6762367623Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0Rufinus Hotmaulana Hutauruk0David Tan1Ampuan Situmeang2Hari Sutra Disemadi3Faculty of Law, Universitas Internasional BatamSchool of Law, King's College LondonFaculty of Law, Universitas Internasional BatamFaculty of Law, Universitas Internasional BatamNumerous emerging economies have embraced Special Economic Zones (SEZs) as more than just an instrument for policymaking to encourage growth and industrial development. Today’s “SEZ 5.0,” which is based on novel digital inventions offers a gateway to economic progression. This research utilizes the normative juridical method and secondary data based on library research. This research is novel in the way that it illuminates the numerous key lessons from effective SEZ practices, such as: geographical advantage, interoperability of zone strategic plan with the overarching development plan, acknowledging the context of the industry, and harnessing comparative advantage, as well as, making sure that SEZs are “special” in contexts of a business-friendly atmosphere supported by a sound statutory and regulatory model, along with the articulation of sustainable practices and adaptability towards the volatility of the market. This research recommends key policy lessons for the Indonesian SEZ governance.https://journal.unnes.ac.id/sju/jils/article/view/67623sezeconomic zoneindonesia |
| spellingShingle | Rufinus Hotmaulana Hutauruk David Tan Ampuan Situmeang Hari Sutra Disemadi Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0 JILS (Journal of Indonesian Legal Studies) sez economic zone indonesia |
| title | Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0 |
| title_full | Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0 |
| title_fullStr | Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0 |
| title_full_unstemmed | Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0 |
| title_short | Developing an Indonesian Regulatory Framework in the Face of SEZs 5.0 |
| title_sort | developing an indonesian regulatory framework in the face of sezs 5 0 |
| topic | sez economic zone indonesia |
| url | https://journal.unnes.ac.id/sju/jils/article/view/67623 |
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