KnE Social Sciences

ISSN: 2518-668X

The latest conference proceedings on humanities, arts and social sciences.

The Efficiency of the Economy in the Globalization Market: The Direction, Course, and Application of the Economic Legal System Based on Pancasila

Published date: Jan 11 2024

Journal Title: KnE Social Sciences

Issue title: 1st Raden Intan International Conference on Sharia and Law (1st RIICSHAW)

Pages: 531–544

DOI: 10.18502/kss.v9i2.15012

Authors:

Nisrina Mutiara Dewinisrinamd@student.uns.ac.idStudents of the Doctor of Law Program at Universitas Sebelas Maret

Pujiono .Program Doktor Ilmu Hukum Universitas Sebelas Maret

Hari PurwadiProgram Doktor Ilmu Hukum Universitas Sebelas Maret

Abstract:

Global trade in Indonesia does not follow the direction of Pancasila so a direction of economic law based on Pancasila is needed. This study aims to compare the market model from the perspective of capitalism, socialism, and Islam and to analyze the direction of Pancasila in the development of economic law in society 5.0 Era. The method in this study is descriptive qualitative with a statutory approach. The results of this study are that there are differences between the concept of global markets in a capitalist, socialist Pancasila, and Islamic perspective. The results of this study are a comparison between the market concept and there are differences between the global market concept in the perspective of capitalist, socialist Pancasila, and Islam. Therefore, the Pancasila market concept must be applicable in Indonesia while still paying attention to economic efficiency, and also global trade must not violate Pancasila.

Keywords: economic law, global market, Pancasila

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