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Strategy to Increase Local Economic Competitiveness Through Local Wisdom-Based Creative Economy Thalib, Bahrun; Prihanto, Purwaka Hari; Mu'ah, Mu'ah
Nomico Vol. 1 No. 10 (2024): Nomico-November
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/r3f56582

Abstract

The competitiveness of the local economy is crucial for fostering sustainable growth, especially in the face of increasing global competition. One effective strategy to enhance competitiveness is through the development of a creative economy based on local wisdom. However, integrating local values into creative economy development strategies remains a significant challenge. This study aims to analyze the influence of Local Economic Competitiveness on the Creative Economy, with Local Wisdom serving as a mediating variable. A quantitative approach was adopted, using a survey method involving 110 purposively selected respondents, who are creative economy actors based on local wisdom, with at least two years of experience and from regions with notable local wisdom potential. Data were collected using a Likert scale-based questionnaire to measure Local Economic Competitiveness, Local Wisdom, and the Creative Economy. The analysis was performed using SmartPLS software, testing the outer model to assess instrument validity and reliability, and the inner model to evaluate relationships between latent variables. The results indicate that Local Economic Competitiveness positively and significantly affects the Creative Economy, both directly and indirectly through Local Wisdom. Local Wisdom plays a crucial role in strengthening the connection between local economic competitiveness and creative economy development. The findings suggest that strategies to improve local economic competitiveness should leverage local wisdom to foster innovative and sustainable creative economic growth, offering valuable insights for policymakers and practitioners in integrating local values into creative economy development.
Regulatory Challenges in the Face of the Gig Economy and Cross-Border Remote Work R Pugu, Melyana; Sugiardi, Sigit; Thalib, Bahrun
International Journal of Social Science, Education, Communication and Economics Vol. 4 No. 2 (2025): June
Publisher : Lafadz Jaya Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/sj.v4i2.510

Abstract

The development of the gig economy and cross-border remote work has significantly changed the face of the world of work but also poses complex regulatory challenges. This research aims to identify and analyse the regulatory challenges faced in the context of the gig economy and cross-border remote work and evaluate the policy responses from various countries. The method used is a literature review by examining scientific literature, national and international regulations, and related policy reports. The results showed that the unclear legal status of workers, differences in regulations between countries, taxation issues, and limited social protection are the main obstacles. This research recommends the need for adaptive regulatory reforms and international collaboration to create an inclusive and equitable legal framework to support sustainable growth of the digital economy and protect workers' rights.
ECONOMIC GOVERNANCE IN INDONESIA'S FREE TRADE EPOCH: NAVIGATING CHALLENGES, IMPLEMENTING STRATEGIES, AND CULTIVATING SUSTAINABLE PROSPERITY Thalib, Bahrun; Natalia Anastasye Lotte, Luckhy; Yani Pramularso, Eigis; Fitria, Arie; Judijanto, Loso
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
Publisher : Adisam Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study delved into the intricate dynamics of economic governance in Indonesia's free trade epoch, offering a comprehensive analysis of the nation's journey in navigating challenges, implementing strategies, and fostering sustainable prosperity. The historical evolution unfolded as a testament to Indonesia's adaptability, marked by a deliberate reduction in state-owned enterprises and a shift towards a market-oriented approach. Key institutions, including the Central Bank of Indonesia and the Financial Services Authority, emerged as stalwarts, steering the nation through economic challenges with finesse. The literature review synthesized key findings, revealing consistencies and inconsistencies in understanding the impact of free trade agreements. Challenges such as trade deficits and income inequality were scrutinized alongside institutional reforms, such as the Making Indonesia 4.0 roadmap. The review identified gaps, urging further exploration into regional variations and the nuanced intersectionality of economic, social, and environmental factors. Implications for economic governance highlighted the need for targeted policy interventions, inclusive economic policies, and a call for continuous research to refine strategies. Acknowledging limitations, the study concluded with a nuanced understanding of Indonesia's economic landscape, paving the way for informed governance in the nation's ongoing pursuit of sustainable prosperity.