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Revitalization of Pancasila Economic System in the Globalization Era

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  • Waspodo Tjipto Subroto

    (Department of Economics, Faculty of Economics, State University of Surabaya, Indonesia)

Abstract

Implementation of the policy will effect the economic system of economic growth and prosperity of a nation. Follow the globalization of economic liberalization is detrimental to most of the people of Indonesia for the door wide open to free competition so it is very unfortunate that the developed countries are relatively better equipped to compete because it is supported by fi nancial capital and modern technology. For socializing Pancasila Economic System (PES), there needs revitalization movement PES in a more systematic and planned so that the system is able to host in his own country. Revitalization of PES needs to be pursued constantly and sustained through the implementation of economic policies in favor of the people and to anticipate the growing infl uence of economic globalization and spread to various world. Revitalization is expected to bring the Indonesian people toward the common good in adapting to the era of globalization.

Suggested Citation

  • Waspodo Tjipto Subroto, 2015. "Revitalization of Pancasila Economic System in the Globalization Era," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 860-868.
    • Handle: RePEc:eco:journ1:2015-04-03
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    References listed on IDEAS

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    Cited by:

    1. Budiharto & Edy Sismarwoto, 2020. "Freedom of Contracts and Dispute Settlement Between Conventional Banking and Sharia Banking," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 285-291.
    2. Waspodo Tjipto Subroto & Yatim Riyanto & Maria Veronika Roesminingsih & Wahyu Sukartiningsih, 2017. "Perception of Society toward Populist Economic Policy for Development Economic: Empirical Research in East Java," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 1-5.

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    More about this item

    Keywords

    Pancasila; Economic System; Globalization;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • P - Political Economy and Comparative Economic Systems

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