Globalization Impacts on Pancasila Economic System in Indonesia Implies on a Major Legal Reinforcement

DOI

10.2991/assehr.k.220404.209How to use a DOI?

Keywords

Pancasila Ideology; Globalization; Democracy; Economy System; Legal Reinforcement; Liberalization

Abstract

Globalization, is an unmitigated thing. The relentless domination of western culture hits and penetrates the boundaries of local civilization to the most remote areas in the world. Our task here is not to fight it, but to explore the impact of globalization on the development of economic law and the Pancasila Economic System in Indonesia. The Pancasila Economic System, in fact, has emphasized and reflected the character of the Indonesian nation; a market economy that refers to the Pancasila ideology, an economic life driven by all levels of society. Humans are seen as social beings (homo socius), moral beings (homo ethicus), as well as creatures with needs (homo economicus). The Indonesian economy, which refers to Pancasila ideology, is an economy system with noble moral and ethical values that can fortify humans from greed. It implies that the law in Indonesia should be able to fortify the flow of globalization that may harms the Pancasila economic system as Indonesian nation identity, as it has been regulated and confirmed in the 1945 Constitution as a ground norm. This writing is a normative research using a qualitative approach. From this research, it is answered that the state and society must have the commitment and strength to carry out reforms in the political, economic and legal fields. There must be a main priority scale in the development of economic law with the principle of “kinship (ukhuwah)” or “democracy” in Indonesia. As stated in the values of Pancasila and Article 33 of the 1945 Constitution. A quality economic law system is “kinship” or “democracy”, while still taking into account onto the concept of sustainable economic law development.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Ella Silvia
AU  - Zudan Arief Fakhrulloh
AU  - Faisal Santiago
AU  - Yunan Prasetyo Kurniawan
PY  - 2022
DA  - 2022/04/21
TI  - Globalization Impacts on Pancasila Economic System in Indonesia Implies on a Major Legal Reinforcement
BT  - Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)
PB  - Atlantis Press
SP  - 1307
EP  - 1311
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220404.209
DO  - 10.2991/assehr.k.220404.209
ID  - Silvia2022
ER  -