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All Journal International Journal of Science and Society (IJSOC)
Totok Hendarto
Universitas Dr. Soetomo, Surabaya, Indonesia
Materials Science & Nanotechnology Social Sciences

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Economic Instability and Global Market Fluctuations in 2023: Analyzing Causes, Impacts, and Policy Responses Tekat Sukomardojo; Ateng Kusnandar Adisaputra; Pandu Adi Cakranegara; Marsha Ayunita Irawati; Totok Hendarto
International Journal of Science and Society Vol 6 No 1 (2024): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/ijsoc.v6i1.1065

Abstract

The economic instability and global market fluctuations that will occur in 2023 have created various complex economic challenges and have far-reaching impacts. These dynamics are influenced by various factors, including monetary and fiscal policies, the impact of the COVID-19 pandemic, geopolitical conflicts, and changes in commodity prices. The impact of this instability can be seen in financial markets, macroeconomics, business and industrial sectors, and has significant socio-economic consequences. This research aims to analyze the causes, impacts, and policy responses to economic instability and global market fluctuations in 2023. The method used is a descriptive qualitative approach with data obtained from various relevant research results or previous studies. Data processing is carried out carefully to ensure accurate and in-depth analysis. The results of this research show that the combination of the impact of monetary and fiscal policies, the ongoing influence of the COVID-19 pandemic, geopolitical dynamics, and changes in commodity prices have contributed to global economic instability. This impact is manifested in financial market volatility, macroeconomic disruption, as well as impacts on business and industrial sectors. Socioeconomic consequences such as increasing poverty and income inequality underscore the need for effective policy responses. The policy responses taken include monetary policy strategies, fiscal measures, structural reforms, and international cooperation.
The Rise of Environmental, Social, and Governance (ESG): Assessing the Impact and Implications for Global Business Practices and Policy Formulation Felly Ferol Warouw; Mashudi; Mudrikatul Arafah; Henny Noviany; Totok Hendarto
International Journal of Science and Society Vol 6 No 1 (2024): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/ijsoc.v6i1.1066

Abstract

Increased awareness of environmental, social, and governance (ESG) issues has brought about significant changes in global business practices. Companies now face pressure to integrate ESG aspects into their strategies and operations, in line with the demands of consumers, investors, and regulators. In this context, the role of ESG in shaping public policy and market dynamics is becoming increasingly important, influencing investment decisions and business continuity. This research aims to assess the impact and application of ESG on global business practices and policy formulation. This research uses a qualitative approach, with data obtained from the results of previous research and related studies, and content analysis was carried out to process the data. The results of this research show that integrating ESG into business strategy is not just ethical, but is also critical to achieving long-term success. The impact of ESG on consumer preferences and markets has driven companies to innovate and adapt their operations. ESG-related public policies and regulations encourage collaboration between sectors and influence cross-border business operations. In the investment context, ESG has become an important factor in portfolio management and financing decisions. Overall, ESG has become an important catalyst in shaping the future of sustainable and responsible business.
Economic Impacts of World Trade Organization Policies on Global Market Dynamics: An Econometric Perspective Totok Hendarto; Sudjono; Endang Fatmawati; Loso Judijanto; Tekat Sukomardojo
International Journal of Science and Society Vol 6 No 3 (2024): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/ijsoc.v6i3.1226

Abstract

This study embarks on an in-depth econometric analysis to unravel the economic impacts of World Trade Organization (WTO) policies on global market dynamics. Anchored in a robust quantitative framework, the research meticulously evaluates the extent to which WTO policies have influenced international trade patterns, market volatility, and economic growth across various regions. Utilizing a comprehensive dataset spanning multiple decades, the study employs advanced econometric techniques to dissect the intricate relationship between trade policies and global economic indicators. The findings reveal a nuanced interplay between WTO policies and market dynamics, highlighting significant variations in impact across different economic sectors and geographical regions. The analysis further delves into the implications of these policies on emerging economies, contrasting them with their effects on developed nations. The study concludes with critical insights into the role of WTO in shaping global economic landscapes, offering valuable implications for policymakers and stakeholders in international trade. This research contributes to the broader understanding of global economic interdependencies in the context of WTO policies, providing a foundation for future policy formulation and economic forecasting.
Legal Challenges and Opportunities in World Trade Organization Agreements: A Comparative Analysis of Member States Loso Judijanto; Abdul Rasyid Saliman; Muhamad Adystia Sunggara; Agung Dhedy Dwi Handes; Totok Hendarto
International Journal of Science and Society Vol 6 No 3 (2024): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/ijsoc.v6i3.1247

Abstract

The World Trade Organization (WTO) agreements have a broad and complex impact on its member countries, especially regarding trade policy and global economic justice. Legal challenges in implementing these agreements, including harmonization between national and international law, as well as domestic political and economic dynamics, add to the complexity of their implementation. In addition, the WTO agreements also offer significant opportunities for member countries, such as wider market access and increased foreign investment. This study aims to analyze the long-term impact of the WTO agreements on trade policy, economic justice, and sustainable development in its member countries. This study uses a qualitative approach, with data obtained from various relevant sources such as research results and previous studies, which are then processed and analyzed in depth. The results show that the WTO agreements significantly shape the direction of member countries' future trade policies, with a greater impact felt by developing countries. Global economic injustice has emerged as one of the consequences of the implementation of these agreements, where developed countries are better able to utilize WTO provisions. On the other hand, the environmental and social impacts of implementing the WTO agreements are concerns that require better integration into trade policy. Projections of future challenges suggest that the WTO must continue to adapt to global changes to remain relevant and effective. Overall, this study highlights the need for a balance between trade liberalization and the protection of social and environmental values ​​within the WTO framework.
Co-Authors Abdul Rasyid Saliman Agung Dhedy Dwi Handes Ateng Kusnandar Adisaputra Cakranegara, Pandu Adi Endang Fatmawati Felly Ferol Warouw Henny Noviany Loso Judijanto Marsha Ayunita Irawati Mashudi Mudrikatul Arafah Muhamad Adystia Sunggara Sudjono Tekat Sukomardojo