Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)

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

Authors
Ella Silvia1, 2, *, Zudan Arief Fakhrulloh1, *, Faisal Santiago1, *, Yunan Prasetyo Kurniawan2
1Borobudur University – Jakarta, Indonesia
2Sebelas Maret University – Surakarta, Indonesia
*Corresponding author. Email: ellajournalsub@gmail.com
Corresponding Authors
Ella Silvia, Zudan Arief Fakhrulloh, Faisal Santiago
Available Online 21 April 2022.
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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Volume Title
Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
21 April 2022
ISBN
10.2991/assehr.k.220404.209
ISSN
2352-5398
DOI
10.2991/assehr.k.220404.209How to use a DOI?
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.

Cite this article

risenwbib
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  -