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All Journal 'ADALAH SALAM: Jurnal Sosial dan Budaya Syar-i Jurnal Cita Hukum Populis : Jurnal Sosial dan Humaniora Journal of Governance JOURNAL of LEGAL RESEARCH
Atep Abdurofiq, Atep
Universitas Islam Negeri Syarif Hidayatullah Jakarta
Religion Humanities Education Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Journal : Journal of Governance

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Bending The Golden Giant: Indonesia's Bargaining Power for Nationalized Control Over PT. Freeport Indonesia Abdurofiq, Atep; Kusumawardhana, Indra
Journal of Governance Volume 9 Issue 3: (2024)
Publisher : Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31506/jog.v9i3.28868

Abstract

From 2009-2017, the renegotiation process between Indonesia and PT Freeport Indonesia (PTFI) has provided crucial insights into the International Political Economy's (IPE) understanding of the relationship between developing nations and Multi-National Corporations (MNCs). This paper delves deep into the evolving dynamics between Indonesia and Freeport McMoRan, spotlighting the concept of state capacity as a lens to decipher the nuances of bargaining power in the realm of natural resource extraction. Advocating an original perspective, our study charts a strategic path for developing nations to reassert control over their natural resources vis-à-vis MNCs. At its core, this research underscores the enduring sovereignty of states, albeit adapted to the demands of an increasingly globalized world. The outcomes bolster the argument that, even in a globalized context, states retain the capability to harness their sovereign standing, enabling them to negotiate effectively with MNCs.
Co-Authors Gilang Rizki Aji Putra Indra Kusumawardhana Lia Fauziyyah Ahmad Putra, Gilang Rizki Aji Rosdiana Rosdiana Yunus, Nur Rohim