New Construction Actualization of Value of Pancasila in Economic Policy Formulation

What is it about?

Countries with extractive, exploitative and authoritarian political systems have failed to overcome poverty and create prosperity for their citizens. On the other hand, countries that succeed in overcoming poverty if the country has a competitive economic institution, an open and pluralist political system. Indonesia with a Pancasila economy is faced with global challenges and a capitalist economic system that dominates the world economy. The Pancasila economy which originates from the value of local wisdom is ineffective and fails to overcome the nation's economic problems. The purpose of this research is to explain and analyze the value of Pancasila which can be actualized in the formulation of economic policies that favor the people's economy. Research methods with qualitative methods through in-depth interview approach to populist economic actors. The results of the study show that Pancasila economy has basic values of people's economy with a family spirit, collaboration is just a concept that is difficult to implement. The role of state actors and the economy is still not optimal, and there is no political commitment in formulating the Pancasila economy in the formulation and implementation of the overall national economic policy. The abstract should summarize the contents of the paper and should contain at least 70 and at most 200 words. It should be set in 9-point font size, justified and should have a hanging indent of 2-centimenter. There should be a space before of 12-point and after of 30-point.

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