REVIEWING THE OMNIBUS CONCEPT IN THE CONTEXT OF ECONOMIC LAW
Keywords:
Future of economic regulation, Economic development and growth, Co-Ownership, Co-responsibilityAbstract
This paper is intended to expand the dialectical pulpit which so far has only been limited to pro-investment arguments and contra narratives on the position of the Omnibus Law in a formal legalistic manner. Even though the rebuttal argument contains truth, it has not been able to solve the core problem that is the urgency of the Omnibus which maintains economic interests. In this paper, how economic legal theory actually formulates prescriptions for effective regulatory criteria for economic development and growth will be discussed and expounded. This is important considering that the dominance of capital accumulation becomes its own nuance in the formulation of the Omnibus Law. Such an idea is essentially beyond the constitution that mandates that the economy must be based on people’s empowerment.
References
Luthfia Ayu Azanella, "Apa Itu Omnibus Law, yang Disinggung Jokowi dalam Pidatonya?", online, https://www.kompas.com/tren/read/2019/10/22/07060066 5/apa-itu-omnibus-law-yang-disinggung-jokowi-dalampidatonya-?page=all, accesed 9 December 2021.
https://www.doingbusiness.org/en/data/exploreeconomies/indonesia, accesed 9 December 2022.
https://www.ceicdata.com/en/indicator/indonesia/global-competitiveness-index, accesed 9 December 2022.
https://peraturan.go.id/, accesed 9 December 2022.
https://indonesia.go.id/narasi/indonesia-dalam-angka/ekonomi/omnibus-law-solusi-dan-terobosan-hukum, Firman Freddy Busroh, "Konseptualisasi Omnibus Law Dalam Menyelesaikan Permasalahan Regulasi Pertanahan," Jurnal Arena Hukum, Vol 10, Nomor 2, Agustus 2017, p. 24.
Rofiq Hidayat, "Kekhawatiran Maria Farida Terkait Omnibus Law", https://www.hukumonline.com/berita/baca/lt5de4f9c9 216d0/kekhawatiran-maria-farida-terkait-omnibuslaw/. accesed 9 December 2022.
Leonard J. Theberge, “Law and Economic Development” dalam Buku Peranan Hukum dalam Pembangunan Ekonomi, Universitas Indonesia Fakultas Hukum Pascasarjana : 2011, p. 1.
Merryman, Comparative Law and Social Change: On the Origins, Style Decline and Revival of the Development Movement, 1977, p. 462.
Ibid.
Lawrence M. Friedman, On Legal Development , Stanford University, 1969, p. 24.
Leonard J. Theberge, “Law and Economic Development” dalam Buku Peranan Hukum dalam Pembangunan Ekonomi, Universitas Indonesia Fakultas Hukum Pascasarjana: 2011, p. 7.
Douglass C North. Institutions, Institutional Change and Economic Performance, Cambridge University Press, 1990, p. 20.
Amy L. Chua. Markets, Democracy, and Ethnicity, 108. Yale L.J, 1998. p. 12-13.
Ibid, p. 25.
Ibid, p. 26.
International Monetary Fund, Policy Paper: Fiscal Policy and Long Term Growth, June 2015, p. 6.
Lon Luvois Fuller, The Morality of Law, Yale University Press, 1964, p. 54.
World Bank Group, Comparing Business Regulation in 190 Economies: Economy Profile Indonesia, Report 2020, p. 2.
Structuralism in economics is an understanding that rejects structural inequalities as a source of socio-economic injustice. Therefore, the notion of structuralism which is based on "people's sovereignty" should not be dominated by the idea of market sovereignty". Specifically in the meaning of Articles 27 (2) and 34, it is mandated that the people in a participatory and emancipatory manner have the opportunity to be active in economic activities. Thus, national development plans must be able to uncover and investigate structural inequalities and then overcome them through a people-friendly development approach. It must be based on a people-centered environment while, at the same time, strengthening NKR's economic cohesion, Thus at the end, not only pursuing a competitive index and foreign investment flows.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
