Leges Privatae
Vol. 1 No. 4 (2024): DECEMBER-JOY

The Impact of Economic Nationalism Policies on Global Cooperation: A Case Study of The Covid-19 Pandemic

Somad, Abdul (Unknown)
Fatmawati, Fatmawati (Unknown)



Article Info

Publish Date
31 Dec 2024

Abstract

This study analyzes the impact of Indonesia's economic nationalism policy on global cooperation during the COVID-19 pandemic. By implementing policies such as import restrictions, domestic sector incentives, and local product promotion, Indonesia aims to protect the national economy and reduce dependence on foreign products. Although these policies help strengthen the domestic economy, their impact on international trade relations and foreign direct investment (FDI) is quite significant. The decline in FDI in 2020 and tensions with trading partners related to protectionist policies are major challenges for Indonesia's global economic cooperation. This study uses a qualitative approach with data collection techniques through literature studies and analysis of government policy documents, as well as secondary data from scientific articles and international reports. The results of the study indicate that Indonesia's economic nationalism policy provides short-term benefits for economic stability, but poses risks to international competitiveness and long-term economic cooperation.

Copyrights © 2024






Journal Info

Abbrev

JOY

Publisher

Subject

Law, Crime, Criminology & Criminal Justice Other

Description

Leges Privatae (LP) is a peer-reviewed, open access international journal that discusses politics of law in general and discuss discourses on the development of civil law and government policy from various perspectives. All submitted manuscripts will be reviewed by the editors and then evaluated by ...