The Role of Government and Financial Sector on Economic Growth: Case Study in Food Security

Bertha Mariana Silalahi (), Muhammad Zilal Hamzah and Rinaldi Rustam
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Bertha Mariana Silalahi: University of Trisakti, Faculty of Economics and Business
Muhammad Zilal Hamzah: University of Trisakti, Faculty of Economics and Business
Rinaldi Rustam: University of Trisakti, Faculty of Economics and Business

A chapter in Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024), 2024, pp 214-238 from Springer

Abstract: Abstract Regional development aims to improve the welfare and standard of living of the community to achieve regional independence and equitable progress throughout the region. For this reason, it is necessary to mitigate the food crisis in a resilient and sustainable manner to anticipate this condition. This research examines how stakeholders, especially the financial sector in North Sumatra, contribute to efforts to increase food security. Specifically, this research analyzes the role of the central government, regional government, regional authorities, financial industry, individuals/private parties and others in carrying out their duties and responsibilities for creating food sovereignty. The research focuses on a qualitative approach that analyzes the influence and ability of financial access in increasing economic growth. The qualitative methods of analysis by using NVIVO, prove the identification of the basic sector, namely indicators of the success of the real sector and the financial sector which can synergy to achieve the goal of food sovereignty in question. Regional stakeholders are obliged to commit, including building human resources, integrated systems and policies to prevent the severe impact of the food crisis on regional communities’ lives.

Keywords: financial ecosystem; food security; food sovereignty (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-558-4_13

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