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DRIVING THE VILLAGE ECONOMY WITH SOCIALISATION AND MENTORING OF UMKM Mahidin Fahmie; Rita Hayati; Al-Amin
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 4 (2024): NOVEMBER
Publisher : CV. ADIBA AISHA AMIRA

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Improving the village economy through socialisation and mentoring of Micro, Small, and Medium Enterprises (MSMEs) is a strategic approach that has proven to be effective and sustainable. Hence, the importance of socialisation as a tool to provide an in-depth understanding of entrepreneurship to village communities. Through this comprehensive education, local communities can understand the benefits and techniques of starting and growing a business, which in turn, can improve their standard of living. More than just providing basic knowledge, socialisation fosters passion and confidence, which are often barriers to starting a business. Village MSME mentoring offers ongoing support in various aspects of business such as technical operations, management, marketing, and access to resources. With the right mentoring, village MSMEs can utilise technology, improve product quality, and implement effective marketing strategies. Mentors also assist in long-term business strategy planning, financial management, as well as building a wider market network including e-commerce. All of these contribute to improving the competitiveness of village MSMEs at the local, regional and national levels. In conclusion, socialisation and mentoring of MSMEs is a very effective instrument to drive the village economy. Proper education and ongoing support allow village MSMEs to thrive, thereby contributing significantly to the local economy. This not only improves individual welfare but also strengthens the village economy as a whole, making it more independent and resilient in the face of economic challenges. Investing in MSME socialisation and mentoring is a strategic move with positive long-term impacts, creating more prosperous and highly competitive villages.
LOCAL ECONOMIC TRANSFORMATION: LITERATURE ANALYSIS AND STRATEGIES FOR COMMUNITY ECONOMIC CAPACITY BUILDING Moh. Yamin Darsyah; Maulana Arafat Lubis; Nashran Azizan; Al-Amin
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 3 (2024): AGUSTUS
Publisher : CV. ADIBA AISHA AMIRA

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Strategies that successfully enhance the economic capacity of communities have high relevance in the current context of globalisation and digital transformation. With the rapid growth of technology and changes in the structure of the labour market, an in-depth understanding of effective methods to promote economic and social development is needed. The study conducted in this research uses the literature research method. The results show that investment in human capital development through education and training that matches the needs of the labour market is fundamental in increasing economic capacity. Infrastructure modernisation, which includes the development of physical and digital facilities, supports the efficiency of business operations and expands market reach. In addition, strategies that support the innovation ecosystem by facilitating collaboration between sectors encourage the development of new technologies and improve competitiveness. As a result, these strategies contribute to inclusive and sustainable economic growth.
OPTIMISING THE ROLE OF CREATIVE ECONOMY IN SOCIETY THROUGH LITERATURE REVIEW: EMPOWERMENT STRATEGIES AND SUSTAINABLE DEVELOPMENT MODELS Moh. Yamin Darsyah; Sidderatul Akbar; Widjanarko; Al-Amin
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 3 (2024): AGUSTUS
Publisher : CV. ADIBA AISHA AMIRA

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The creative economy is an economic sector that generates value through intellectual creation and innovation. It encompasses a range of economic activities related to the creation, production, and distribution of goods and services based on knowledge and creativity. The creative economy empowers individuals by prioritising talents, skills, and creative ideas that contribute to job creation, economic growth, and social and cultural development. The research method conducted in this study is the literature research method. The results show that creative economy empowerment can be done through three main strategies: education and training oriented towards creativity and innovation; development of infrastructure and ecosystems that support synergies between creative economy actors; and utilisation of technology and digital platforms to expand market access. Moreover, a sustainable development model in the creative economy must incorporate elements of economic, social and environmental sustainability. This research reinforces the understanding that the creative economy must be managed with strategies that include sustainable development principles to realise wider benefits for society and the environment.
STRENGTHENING THE DIGITAL ECONOMY ECOSYSTEM IN SOCIETY: A LITERATURE REVIEW AS A FOUNDATION FOR DEVELOPMENT STRATEGIES Amândio de Araújo Sarmento; Mokhamad Eldon; Loso Judijanto; Al-Amin
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 3 (2024): AGUSTUS
Publisher : CV. ADIBA AISHA AMIRA

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A healthy and resilient digital economy ecosystem is essential for Indonesia to thrive in the digital age. Many studies have shown the importance of improving digital infrastructure, making progressive policies, training tech-savvy human resources, and collaboration between sectors to spur innovation. Advanced infrastructure such as fast networks and secure data centres are needed to support peak technology adoption. Good and fair rules and policies, especially on cybersecurity and data privacy, are necessary for an innovative climate and public trust. Relevant education and training are needed to ensure the availability of skilled digital labour. Cooperation between the government, the business world, the education world, and the technology community can accelerate growth and new breakthroughs in the digital economy ecosystem. By implementing these various strategies, it is hoped that the digital economy ecosystem can be improved and become the main motor for inclusive and sustainable economic growth.
THE EFFECT OF MONETARY POLICY ON ECONOMIC STABILITY IN INDONESIA: A LITERATURE REVIEW Yogi Nurfauzi; Sunanto; Erna Handayani; Al-Amin
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 3 (2024): AGUSTUS
Publisher : CV. ADIBA AISHA AMIRA

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Monetary policy plays a vital role in ensuring the stability of the economic system in Indonesia, where Bank Indonesia as the monetary authority has the main responsibility in setting interest rates and controlling the amount of money in circulation. The determination of interest rates by Bank Indonesia has a direct impact on consumption and investment activities. A decrease in interest rates generally encourages an increase in consumption and investment, which in turn can boost economic growth. However, interest rates that are too low over a long period of time may increase the risk of excessive inflation and financial system instability, as they may encourage excessive risk-taking by financial institutions and economic actors. Conversely, an overly tight monetary policy, with high interest rates, can hamper economic growth and increase unemployment, as high borrowing costs reduce consumption and investment spending. Firms may experience difficulties in financing operations and expansion, while consumers will be more cautious in their spending and investment. Therefore, it is important for Bank Indonesia to implement a balanced and flexible monetary policy, which is responsive to current economic conditions and various economic indicators. This balance in monetary policy is needed to ensure price stability, sustainable economic growth, and public welfare. Effective regulation and strict enforcement of supervision are also key in avoiding the negative impact of monetary policy that is either too loose or too tight. In conclusion, appropriate and measured monetary policy is an important instrument to achieve sustainable and inclusive stability of the Indonesian economic system.
AWAKENING THE SPIRIT OF ENTREPRENEURSHIP: SOCIALIZATION OF UMKM AS A SERVICE EFFORT IN THE VILLAGE Rita Hayati; Melyana R Pugu; Engelbertus Kukuh Widijatmoko; Al-Amin
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 4 (2024): NOVEMBER
Publisher : CV. ADIBA AISHA AMIRA

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Entrepreneurial spirit is the main focus of MSME socialization in rural areas. The program aims to increase entrepreneurial spirit and capability among rural communities through campaigns and support for micro, small and medium enterprises. The socialization focuses on education, training, and collaboration to overcome barriers faced by MSME players, in order to help improve the economy and living standards of local residents. The research method in this study uses a literature study. The results show that, first, the level of entrepreneurial literacy and understanding among villagers is still low, leading to slow business development and lack of product innovation. Second, rural MSMEs face significant constraints in accessing capital and funding sources, due to the lack of collateral and adequate financial records as well as complex regulations. Third, the lack of collaboration between the government, private sector and communities is a barrier to supporting the development of rural MSMEs. Support in the form of entrepreneurship training programs, simplification of regulations, and provision of adequate infrastructure is urgently needed. Effective socialization of entrepreneurial opportunities to villagers has proven to be able to encourage the growth of entrepreneurial spirit. With continuous socialization, MSMEs in villages have great potential to develop into the backbone of the local economy, which in turn will contribute to improving the living standards of local communities.
PENGARUH KECERDASAN BUATAN TERHADAP PENGEMBANGAN KOGNITIF DALAM PENDIDIKAN Loso Judijanto; Rafika Nisa; M. Amin Fatulloh; Al-Amin
Jurnal Ilmu Pendidikan dan Kearifan Lokal Vol. 4 No. 5 (2024): OKTOBER
Publisher : CV. ADIBA ASIHA AMIRA

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The development of technology with the emergence of AI as a potentially transformative tool in the learning process. The research method conducted in this study uses the literature method. The results show that AI has the potential to improve learning effectiveness and encourage better cognitive development. However, it also highlights potential challenges, including the risk of over-reliance on technology and the importance of maintaining human interaction in the educational process. Thus, while AI offers significant opportunities to enhance cognitive development in education, a balanced and ethical approach to its implementation is required.
LOCAL ECONOMIC EMPOWERMENT: STRATEGIES AND IMPLEMENTATION Loso Judijanto; Amândio de Araújo Sarmento; Mohd Syahrin; Mohamad Khairi Bin Haji Othman; Al-Amin
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 7 (2024): July
Publisher : Adisam Publisher

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Local economic empowerment plays a crucial role in sustainable economic growth, focusing on improved access to finance, education and employment training, appropriate infrastructure, and the implementation of proactive government policies. The strategy emphasizes the importance of integration and collaboration among various stakeholders, including governments, communities, and the private sector, to create an ecosystem that supports innovation, entrepreneurship, and local business development. The research methods carried out on this study are literature. Research results show that the success of local economic empowerment depends heavily on how much the local community is involved in program planning and execution. Access to broader financial resources, targeted and relevant education and training, as well as infrastructure development to meet local specific needs, have proven to be key drivers of economic growth. Government policies that support, through incentives and facilities, are also decisive in supporting this economic activity.
COMMUNITY-BASED MARKETING STRATEGIES IN DEVELOPING MARKETS Moh. Yamin Darsyah; Mercy Reinette Handayani Mantur; Melyana R Pugu; Al-Amin; Eyad Saleh Bani-Domi
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 8 (2024): August
Publisher : Adisam Publisher

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Community-based marketing strategy is a marketing approach that emphasises building and managing an active community of consumers, users, or fans of a brand, with the aim of creating stronger bonds, increasing loyalty, and driving organic growth through positive social interactions. This approach relies on the creation of shared value between the brand and its members, where two-way communication and active customer participation in various activities are key. This strategy focuses on shared experiences, trust, and values shared within the community to drive engagement, positive word-of-mouth, and ultimately, sustainable market development over time. The research method conducted in this study uses the literature research method. The results show that community-based marketing strategies offer various benefits, including increased customer engagement, positive responses through word-of-mouth, and the ability to obtain real-time feedback that provides opportunities for innovation and fulfilment of customer needs more effectively. However, challenges such as the need for a large investment of resources and the difficulty in measuring short-term ROI mean that this strategy requires a patient and consistent approach. Community-based marketing strategies, with the right approach, can be the key for companies to develop markets in a more sustainable way and increase long-term profits.
FINTECH AND FINANCIAL SERVICES TRANSFORMATION: POTENTIAL AND RISKS Erwin; Noorsidi Aizuddin Mat Noor; Widjanarko; Al-Amin
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 8 (2024): August
Publisher : Adisam Publisher

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The technological revolution of the last decade has significantly impacted the financial services industry, characterised by the rise of financial technology (fintech). Fintech has promised to increase accessibility of financial services, transactional efficiency and financial inclusion. However, this rapid growth also brings new risks and challenges that are not yet fully understood. The research method used in this study is literature. The results show that fintech has successfully changed the paradigm of financial services, integrating technologies such as AI, machine learning, and big data analytics to deliver faster, cheaper, and more personalised services. This has contributed to financial inclusion in many previously underserved areas. However, significant challenges such as cybersecurity risks, regulatory uncertainty, and operational risks are emerging as side effects of the rapid adoption of fintech. These risks demand serious attention, mitigation, and management from all decision makers in the industry.
Co-Authors Abda Abda Achmad Farchan Agus Hidayat Ahmad Ridwan Alansyah Alif Lukmanul Hakim Alim Hardiansyah Amândio de Araújo Sarmento Andi Fitriani Djollong Anggi Setya Prayoga Asyari Awaluddin Awaluddin Azwar Rahmat Azy Athoillah Yazid Bahrun Thalib Bikah Kusti Noviani Bunyani, Nur Aini Chamidatur Rohmah CYNTHIA PETRA HAUMAHU Danar Widiyanta Darry Christine S. Purba Dimas Puji Santosa Dwi Apriyanti Kumalasari Dwi Koerniawati Eka Sartika Ekasari, Silvia Elvi Nasriandani Engelbertus Kukuh Widijatmoko Erna Handayani Erwin Eyad Saleh Bani-Domi Fahmi Sulaiman Farida Asy'ari Farida Hanum Fauziah Sukma wati Febriani, Winda Felina C Young Fitri Nur Hidayat Fitriani Abdullah Geareta Ananda Gitta Destalya Adrian Nova Hadenan Towpek Hadi Subeno Hari Setiawan HARYANTO Hasdiana Hasdiana Husnul Bashir I Made Marthana Yusa Iiz Izmuddin Ika Zakiah Indah Sulistiani Iwan Ridwan Iwan Setiawan Ja'far Amiruddin Jona Bungaran Basuki Sinaga Judijanto, Loso Khairani, Zelfia Lelo Sintani Loso Judijanto Luckhy Natalia Anastasye Lotte Lucky Mahesa Yahya Lukman Hakim M. Amin Fatulloh Mahidin Fahmie Manu, Charisal B.S. Mardiah Kenamon Marsa Ella Marzaniatun Maulana Arafat Lubis Megandhi Gusti Wardhana Melyana R Pugu Mercy Reinette Handayani Mantur Mesis Rawati Moh. Yamin Darsyah Mohamad Khairi Bin Haji Othman Mohammad Ahmad Bani Amer Mohammad Taqiuddin Mohamad Mohd Syahrin Mokhamad Eldon Muhammad Dhori Muhammad Mahfud MULYADI Munawir Munawir Muthoifin Nashran Azizan Nidaan Alfia Noneng Nurhayani Nooraisyah Noorsidi Aizuddin Mat Noor Novia Nelza Novianty Djafri Novita Sari Nukman Nukman Nuraedah Nurul Lail Rosyidatul Mu'ammaroh Puspita Dian Agustin Rafika Nisa Rahma Helal Al_ Jbour Ratna Jaya Refiter Putra Rengga Yudha Santoso Rina Wijayanti Riski Murdani Risqah Amaliah Kasman Rita Hayati Romadhon S Pentanurbowo Salma Rozana Sely Setyo Gunawan Sherly Etika Sari Shidqiyah Shidqiyah Sidderatul Akbar Sidderatul Akbar Sigit Sugiardi Sinta Aprianti Solly Aryza St Rahmah Sufia Widi Kasetyaningsih Suhana Sarkawi Sulaiman Sunanto Syarifuddin Syarifuddin Tiara Ramadhani Ulin Naini Upus Piatun Khodijah Wahyu Nusantara Illahi,S Wewis Gilang Sari Widjanarko Wilda Rizkiyahnur Nasution Wira Andespa Wulandari Wulandari Yena Sumayana Yogi Nurfauzi Yolanda Effendy Yukiman Armadi Zeni Zainal Muis Zuhratul Aulia