Job Creation Law and Foreign Direct Investment in Tourism in Indonesia

Is It Better than Before

Bibliographic Data

ID22353264
AuthorsI Gusti Ngurah Parikesit Widiatedja (0000-0002-6218-0006, Udayana University), I Nyoman Suyatna (0000-0003-3719-9335, Udayana University)
Year2022
Volume6
Issue1
Pages62
Publication date2022-01-30
Open AccessYes
TypeARTICLE
VenueUdayana Journal of Law and Culture (JOURNAL)
Journal identifiersISSN: 2549-0680 • E-ISSN: 2549-0680
PublisherUniversitas Udayana (PUBLISHER)
DOI10.24843/ujlc.2022.v06.i01.p04
OpenAlexW4280605751
LanguageEN
Citations received3
References cited4

Foreign direct investment plays a critical role in a host country's economic development. Tourism, with its distinct character as a service business, is one of the most appealing investment industries. It has made a substantial contribution to the creation of jobs, tax revenue, and domestic value-added. The existence of domestic laws and regulations is critical in determining the extent to which a country's performance in getting benefits from investment can be maximized while reducing the negative impact. This article is aimed to examine whether the newly-enacted Job Creation Law provides a better arrangement on foreign direct investment in tourism compared to the previous laws and regulations. This article employs a normative approach by analyzing relevant laws and regulations concerning foreign direct investment in tourism in Indonesia. By looking at aspects on the choice of business fields, the issuance of business permit, land ownership, and labour, this article contends that Job Creation Law fails to provide integrated and comprehensive arrangements on the existence of foreign direct investment in tourism

Business · Economics · Foreign direct investment · Macroeconomics · Market economy · Political science · Revenue · Tourism · Economic Zones and Regional Development · Indonesian Legal and Regulatory Studies · Law · Legal Studies and Policies · Finance · Marketing

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