Melda Ria Juwita
The School of Geography, Nanjing Normal University

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Industrial Park and Foreign Investment for Sustainable Development in Indonesia Hasan Mustapa; Melda Ria Juwita; Yusuf Gumilar Sukma
Khazanah Sosial Vol 3, No 3 (2021): Khazanah Sosial Vol 3, No 3 November 2021
Publisher : UIN Sunan Gunung Djati

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (355.805 KB) | DOI: 10.15575/ks.v3i3.13325

Abstract

In this era of globalization, foreign investment no longer needs to be seen as a threat. On the other hand, foreign investment can be considered as a driving force for national development, including for Indonesia as a developing country, including the construction of Industrial Parks. This study aims to determine the potential and challenges of foreign investment in the development of industrial estates in Indonesia. This paper uses a qualitative descriptive method, where this study describes events that occur and is intended to describe existing phenomena, both natural and human engineering. As a result, this paper finds that the Indonesian government has begun to improve infrastructure so that it is also sufficient to be one of the supporting factors. With a good location and infrastructure, the company's business activities become more effective. And more importantly, the Indonesian government is also willing to provide some fiscal facilities and licensing facilities related to company activities even though they are slightly contrary to sustainable development. Therefore, this research will contribute to the process of increasing foreign investment for sustainable development in Indonesia.
Potentials and Challenges of Chinese Foreign Direct Investment in Indonesia Melda Ria Juwita; Tao Wang; Yusup Gumilar Sukma; Maman Iskandar; Agus Supriyadi
NUANSA: Jurnal Penelitian Ilmu Sosial dan Keagamaan Islam Vol. 17 No. 2 (2020)
Publisher : Research Institute and Community Engagement of IAIN MADURA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19105/nuansa.v17i2.3523

Abstract

Program ekonomi China Belt and Road Initiatives (BRI) memiliki pengaruh besar pada laju ekonomi dunia, terutama di negara-negara tuan rumah yang berpartisipasi di dalamnya. Indonesia adalah negara yang menjadi bagian dari program ini di kawasan Asia Tenggara, mengalami dampak yang cukup besar dalam hal pembangunan ekonomi dan peningkatan nilai investasi asing, yang ditandai dengan penambahan proyek investasi di berbagai bidang industri. Pertumbuhan investasi asing Cina di Indonesia dapat dilihat dari perkembangan taman industri Cina di beberapa daerah di Indonesia. Artikel ini disusun dengan melakukan tinjauan literatur dan pengumpulan data yang akurat yang bersumber dari Badan Koordinasi Penanaman Modal Indonesia (BKPM) dengan tujuan untuk menganalisis potensi dan tantangan yang muncul dari FDI Tiongkok untuk Indonesia dan sebaliknya. Hasil yang diperoleh dari penelitian ini adalah, terlepas dari potensi pangsa pasar Indonesia karena jumlah penduduk yang besar, kemudahan memperoleh bahan baku untuk produksi dan upah minimum untuk pekerja lokal relatif rendah. Namun, bagi investor Cina, hal ini diikuti oleh tantangan yang juga muncul, seperti harga tanah yang tinggi, infrastruktur Indonesia yang tidak memadai, dan berbagai peraturan investasi di hampir setiap wilayah. Bagi Indonesia, peningkatan FDI Cina mendorong lapangan kerja, memberikan peluang bagi alih teknologi dan pengetahuan. Namun, masalah lain muncul, seperti persaingan untuk pengusaha lokal dan kekhawatiran tentang ketergantungan ekonomi Indonesia pada Cina. Selain itu, untuk mendapatkan pemahaman komprehensif tentang taman Industri Cina dan dampaknya, penelitian masa depan dengan penelitian survei lapangan sangat dianjurkan.(The China Belt and Road Initiatives (BRI) economic program has an enormous influence on the pace of the world economy, especially in host countries that participate in it. Indonesia is a country that is a part of this program in the Southeast Asian region, experienced a considerable impact in terms of economic development and an increase in the value of a foreign investment, which is marked by the addition of investment projects in various fields of industry. The growth of Chinese foreign investment in Indonesia can be seen by the development of Chinese industrial parks in several regions in Indonesia. This article was prepared by conducting a literature review and accurate data collection sourced from the Indonesia Investment Coordinating Board (IICB) with the objectives to analyze the potentials and challenges that arise from Chinese FDI for Indonesia and vice versa. The results obtained from this study are, despite the potential of the Indonesian market share due to the large population, the ease of obtaining raw materials for production and the minimum wage for local workers is relatively low. However, for Chinese investors, it is followed by challenges that also arise, such as high land prices, inadequate Indonesian infrastructure, and different investment regulations in almost every region. For Indonesia, an increase in Chinese FDI encourages employment, provides opportunities for the transfer of technology and knowledge. However, other issues arise, such as competition for local entrepreneurs and concerns about Indonesia's economic dependence on China.Besides, to get a comprehensive understanding of Chinese Industrial parks and their impact, future research with field survey research is highly recommended).