Responsive Local Policy for Capital Investment in Perspective Public Welfare

Shabirah Trisnabilah and Diana Fatin
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Shabirah Trisnabilah: Semarang State University
Diana Fatin: Semarang State University

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 11, 3580-3588

Abstract: Purpose: The purpose of this research is to describe local area policies in supporting investment and to contribute to the development of regional policies that are more responsive to the needs of the community. Method: This research approach uses a doctrinal or normative juridical method that conceptualizes law in the realm of law about rule (written law) in the form of texts as written law through Law Number 25 of 2007 concerning Investment. This type of research is normative legal research using a qualitative approach. Primary data in this study consists of applicable legislation and previous research results. Data collection techniques use literature studies and data validity uses triangulation of data sources and triangulation of methods. Results and Conclusion: The results of this study indicate that the State of Indonesia has abundant natural resource potential so that it becomes a promising development alternative, for this reason the region must respond to investment support through the laws and policies it formulates, considering that legal factors are one of the factors that can influence investment policies, apart from political factors and economic factors. Legal certainty is one indication of priority considerations that must be considered. In the end, the region must be able to create investment opportunities, and eliminate obstacles that arise, the order and policies that are built must be responsive to needs while still adhering to the Pancasila ideology as a source of law, which contains certain quality values that must be realized in concrete reality for the life of the community, namely social welfare through development in the region to develop the community’s economy.

Date: 2024
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