law and development is defined as a study of law and economic and social development that examines and analyzes how to use the law as an instrument of economic promote the development, human rights and democracy.
This article intends to examine specific cases of the likely direction of Indonesian laws in light of recent commitments to promote economic development and protection of human rights. This is important to consider for any foreigner with an interest in the future of the business environment in Indonesia, including the development of infrastructure, promotion of green energy, and investment strategies.
In 2011, the President announced the "Master Plan for Acceleration and Expansion of Indonesian Economic Growth" (MP3EI). This plan includes more than a dozen new projects infrastructure. the MP3EI focuses on three main elements, including the development of six economic corridors between five major islands of the archipelago for development related to energy and the strengthening of national connectivity and international trade, and the development of science and national technology.
Some of the projects dealing with solar power, access roads, toll roads, and hydroelectric power. According to this plan, waiting for infrastructure development investment for the first phase (2011-2014) is estimated at $ 150 billion.
the Plan requires the government regulates and facilitates the objectives of the plan. Consequently, the private sector can become very involved in the process of joint dialogue with the government to amend or abolish regulations that hinder investment or restrict trade in goods.
However, while the master plan is quite ambitious and well considered, the Indonesian government should put in place reforms that address the protection of property and the labor market to promote the private sector and foreign investment.
For example, it is expected that the government will strengthen the eradication of corruption and implement regulations that address these protections for property rights that intellectual property rights.
The protection of intellectual property rights is a pretty big concern in Indonesia and begins to draw much needed attention. This is important because the effective enforcement of intellectual property rights is essential to sustain economic growth.
It is important to note that in April 2012, the Intellectual Property Rights Arbitration and Mediation Agency (BAM HKI) was established in Jakarta. This shows the commitment of better intellectual property rights enforcement and the likelihood that there will be a more comprehensive regulatory framework in this area.
Another step in Indonesian development initiatives is related to the strategic plan of Indonesia to achieve sustainable development plan that supports the implementation of the green economy, sustainable agriculture and forest management, using clean technology, and the development of green infrastructure.
This is important, because it is now time to pay attention to specific policies that include a reform of subsidies for the electricity industry to reduce emissions of greenhouse gas, promoting the policy of renewable energy, as well as incentives for industries that promote the products environmentally friendly.
Finally, it should be noted that, according to "Emerging Trends in Real Estate Asia Pacific 2013," Jakarta is the first in the investment and development in terms of commercial real estate. However, despite economic growth, it is clear that the operating conditions are still difficult regarding the rule of law issues and disputes over land titles. Therefore, when looking at the economic plans of Indonesia, it is likely that the government will address these issues in the future by developing laws that protect the interests of all parties concerned.
In general, Indonesia continues to be one of the most dynamic economies and there are clear incentives to live and work here. The future, according to the many objectives set by Indonesia and ASEAN, seems rather optimistic. It is the promise of international cooperation, property rights protection and commitment to practices that respect the environment. It seems that Indonesia is certainly looking forward, but it remains to be seen is whether the laws eventually catch up with ambitious development goals, creating an investment company that supports social protection.