The Urgent Access of Code of Conduct on Preserving Traditional Markets
Sonny Leksono, Adyla Mita Lestari, Rizal Nur Firdaus
Available Online 20 October 2020.
- https://doi.org/10.2991/assehr.k.201017.145How to use a DOI?
- code of conduct, social audit, sustainability
- It is challenging to form a thriving market community environment without normative and operational values that are measured formally and informally. Since the written and unwritten rules and mechanisms of coordination require compliance, continuous obedience without stopping and without exception have to be done. Unfortunately, the value of benefits is significantly reducing transaction costs, negative externality, asymmetric information to overcome the decline in sales turnover, avoiding market failure, and preventing good governance failure. Regulators as market operators and owners of hierarchies in traditional markets must play a role in leading sectors and carry out operational missions to build social institutions based on the code of conduct formula to be internalized in the environment market, replacing a behavior of the market economy, which is capitalistic and individualistic. The code of conduct contains values of harmony, harmony, and balance provided in the market structure, including ‘freedom, justice, equality, security, peace, and economic prosperity.’ Functional values are referring to collective survival and social control so that livelihoods of traditional markets are maintained.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Sonny Leksono AU - Adyla Mita Lestari AU - Rizal Nur Firdaus PY - 2020 DA - 2020/10/20 TI - The Urgent Access of Code of Conduct on Preserving Traditional Markets BT - Proceedings of the International Conference on Community Development (ICCD 2020) PB - Atlantis Press SP - 656 EP - 659 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.201017.145 DO - https://doi.org/10.2991/assehr.k.201017.145 ID - Leksono2020 ER -