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All Journal Jurnal Pendidikan Islam Didaktika: Jurnal Kependidikan Jurnal Studi Ekonomi dan Bisnis Islam (SEBI) Journal of Community Dedication HUMANITIS : Jurnal Humaniora, Sosial dan Bisnis
Wahab
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Religion Humanities Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Mathematics Public Health Social Sciences Other

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Journal : Journal of Community Dedication

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THE IMPACT OF INFLATION ON ECONOMIC GROWTH: A COMPREHENSIVE LITERATURE STUDY Loso Judijanto; Iwan Kusnadi; Wahab
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 4 (2024): In Press NOVEMBER
Publisher : CV. ADIBA AISHA AMIRA

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The general rise in prices of goods and services that occurs in a country is called inflation, an economic phenomenon. Its impact on economic growth can vary depending on its level and stability. Controlled inflation is often considered a sign of economic health as increased demand for goods and services drives economic activity, investment and increased wealth. Conversely, runaway inflation or hyperinflation can undermine confidence in the domestic currency, reduce consumer purchasing power and weaken economic growth. In addition, inflation also has a major effect on investment and savings. High inflation lowers the real value of savings, makes saving less attractive, and encourages short-term consumption. This can reduce resources for long-term investment needed for sustainable growth. Uncertainty due to uncontrolled inflation can discourage companies from making new investments or expanding business, leading to economic stagnation. Therefore, maintaining a stable and predictable inflation rate is a key challenge for economic policies supporting long-term growth.
THE ROLE OF UMKM IN DRIVING THE LOCAL ECONOMY: A LITERATURE ANALYSIS Hety Devita; Muhamad Eko Wahyu Umaryadi; Wahab
JOURNAL OF COMMUNITY DEDICATION Vol. 4 No. 3 (2024): AGUSTUS
Publisher : CV. ADIBA AISHA AMIRA

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MSMEs (Micro, Small and Medium Enterprises) have an important position in running the wheels of regional economic growth by creating jobs, reducing unemployment, and strengthening economic inclusion in various regions. This research discusses the vital role of MSMEs in empowering the local economy through job creation, increasing competitiveness through product innovation, and contributing to local revenue. In addition, MSMEs also drive the growth of supporting industries such as logistics, marketing, and wholesale trade, ultimately creating a more open and sustainable business ecosystem. However, to make the most of the role of MSMEs, several strategic measures are needed, including strengthening access to capital and financing through the People's Business Credit (KUR) programme and financial technology, improving the quality of human resources through entrepreneurship and management training, and improving physical and digital infrastructure. In addition, the government needs to develop policies and regulations that support the growth of MSMEs by simplifying the licensing process, providing tax incentives, and ensuring strong legal protection for MSME players. This study concludes that with the right policy support and coordinated strategic measures, MSMEs have great potential to become a resilient and sustainable engine of the local economy, and contribute significantly to open national economic growth.
Co-Authors Elviana Yulianti Hety Devita Iwan Kusnadi Khairiansyah, Heri Loso Judijanto maskupah Misridah Muhamad Eko Wahyu Umaryadi Sahri Sonia Sebty De Lang Lang Buana