Harmonization of Investment and Local Wisdom: an Ideal Model of Investment Regulation Based on Local Wisdom in Bali's Tourism Sector

Ida Ayu Putu Sri Astiti Padmawati (Faculty of Law, Bali State Polytechnic)
Ida Ayu Ratna Kumala (Faculty of Law, Mahasaraswati Denpasar University,)
Riri Irmanti (Faculty of Law, Mahasaraswati Denpasar University,)
Dewa Gede Edi Praditha (Faculty of Law, Mahasaraswati Denpasar University)
Gede Agung Wirawan Nusantara (Faculty of Law, Mahasaraswati Denpasar University)

LamLaj
Vol. 10 No. 1 (2025): March

The influx of investment then has a significant impact on the social life of Balinese indigenous people in preserving their local wisdom. This article raises the issue of the rapid phenomenon of investment in Bali which has the impact of dualism of interests on indigenous peoples who must maintain their local wisdom and on the one hand must also follow the development of economic flows to support their lives. This paper is normative legal research using the method of statutory approach, conceptual approach, and sociological approach. This research argues that the harmonization of tourism investment with the value of Tri Hita Karana in Bali creates a balance between economic benefits and preservation of local cultural identity. The ideal investment model in Bali requires the collaboration of investors, government, and indigenous people through adaptive regulations based on local wisdom