Proceedings of the International Conference on Community Development (ICCD 2020)

The Urgent Access of Code of Conduct on Preserving Traditional Markets

Authors
Sonny Leksono, Adyla Mita Lestari, Rizal Nur Firdaus
Corresponding Author
Sonny Leksono
Available Online 20 October 2020.
DOI
https://doi.org/10.2991/assehr.k.201017.145How to use a DOI?
Keywords
code of conduct, social audit, sustainability
Abstract
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.
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Proceedings
International Conference on Community Development (ICCD 2020)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
20 October 2020
ISBN
978-94-6239-253-3
ISSN
2352-5398
DOI
https://doi.org/10.2991/assehr.k.201017.145How to use a DOI?
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  - 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  -