Legal Politics on the Dynamics of Micro, Small and Medium Enterprises Regulation in National Legislation

DOI

10.2991/978-2-494069-93-0_52How to use a DOI?

Keywords

UMKM; crisis; Pandemic; Law No. 11 of 2020; Legal Politics

Abstract

Soon after the Covid crisis passed, with horrible circumstances for several months, every country began reorganizing its economy to recover and rise in global competition. In Indonesia, there is an interesting phenomenon about the entity of the actual economic sector, which continues conducting trade in goods and services during the pandemic. These economic actors are called UMKM. Some Micro, Small, and medium business units have proven successful in stimulating the economy. Seeing the resilience of UMKN, the President then collaborated with the Legislative Body to grow this sector to strengthen the economic base by absorbing an extensive job market, which was explicitly regulated in Law No. 11 of 2020 concerning Job Creation. This paper was conducted by normative research and succeeded in identifying that in enacting this controversial omnibus law, the government has observed that it has almost simplified many regulations to facilitate the formation of UMKM and direct investment. From the perspective of legal politics, it was designed to create job opportunities as vast as possible for citizens and open the barrier to entry of foreign investment. For this purpose, the government is aggressively socializing digitalization to UMKN actors, ranging from business entity registration to modern marketing techniques combined with the power of data 5.0 evolution. This scientific work would be beneficial for harmonizing law, the legislative process that constantly adapts to the times with new issues.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Made Arya Duta Gunaksara
AU  - Nyoman Gede Antaguna
PY  - 2023
DA  - 2023/01/25
TI  - Legal Politics on the Dynamics of Micro, Small and Medium Enterprises Regulation in National Legislation
BT  - Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
PB  - Atlantis Press
SP  - 435
EP  - 445
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-93-0_52
DO  - 10.2991/978-2-494069-93-0_52
ID  - Gunaksara2023
ER  -