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Salimah, Nur
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences Other

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Comparison of Capitalist and Socialist Economic Models in International Trade Salimah, Nur; Siallagan, Maya Adelina; Banjarnahor, Heru Elpando; Matondang, Khairani
Journal of Business Management and Economic Development Том 1 № 01 (2023): January 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i01.39

Abstract

This study discusses the comparison between capitalist and socialist economic models in the context of international trade. A qualitative approach is used by analyzing references from several books and journals related to this topic. The research results show that in the capitalist economic model, international trade is used as a means to increase profits and economic growth, by prioritizing the interests of individuals and private companies. On the other hand, in the social economic model, international trade is seen more as a tool to meet people's needs and increase the distribution of wealth, with the pressure of collective ownership and the government as regulator. Although both have their advantages and disadvantages, this research shows that in the context of international trade, the social economic model has more potential to create more equitable distribution and social justice the original work.
Analysis of Inequality of Income Distribution in North Sumatra in 2011-2022 Salimah, Nur; Waruwu, Asro Felix; Naibaho, Cindy Yentika; Dongoran, Faisal Rahman
Journal of Business Management and Economic Development Том 1 № 02 (2023): May 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i02.42

Abstract

In a country, both developing and developed countries, the problem that often occurs is economic problems or income distribution that is not evenly distributed in all corners of the country. Indonesia is no exception, especially in the province of North Sumatra. The research method that the author uses is descriptive research method, namely the research results are obtained from accurate and clear secondary data sourced from Gini coefficient data and the Central Bureau of Statistics (BPS). From the results of observations or data results obtained that the result of unequal income distribution in Indonesia has resulted in social inequality, poverty and income inequality. The effect of income inequality is that money causes the rich to get richer and the poor to get poorer. As a result, many new problems arise from the income inequality effect. The purpose of this study was to determine the inequality of income distribution in North Sumatra from 2011 to 2022. The conclusion obtained from income distribution data in the North Sumatra region is that income inequality in this region has increased from 2011 to 2022.
Co-Authors Banjarnahor, Heru Elpando Dongoran, Faisal Rahman Matondang, Khairani Naibaho, Cindy Yentika Siallagan, Maya Adelina Waruwu, Asro Felix