Indonesian Sustainable Economic Development in The Institutional Perspective

DOI

10.2991/aebmr.k.200305.085How to use a DOI?

Keywords

Sustainable development, economic growth

Abstract

Sustainable development is a comprehensive and balance concept to achieve a human quality of life all the time and generation. The sustainable development concept is a correction of the classical model of economic development that concentrates on economic growth despite failing to attain public welfare. Otherwise, the implementation of sustainable development is still hampered by the weak of an institutional system. Weak institutional system causing a conflict of interest and activities of economic rent-seekers and Free Rider, which accelerates the process of destruction and scarcity of natural resources, especially unrenewable resources. Therefore institutional arrangement and enforcement of the rules through the instrument of taxation, subsidies, quotas, and increased community participation with the local wisdom approach should be considered by the policymakers.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Syamsul Amar
AU  - Alianis
AU  - Ariusni
AU  - Alpon Satrianto
PY  - 2020
DA  - 2020/03/10
TI  - Indonesian Sustainable Economic Development in The Institutional Perspective
BT  - Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019)
PB  - Atlantis Press
SP  - 319
EP  - 323
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200305.085
DO  - 10.2991/aebmr.k.200305.085
ID  - Amar2020
ER  -