scholarly journals LEGAL ANALYSIS OF THE ROLE OF FINANCING INSTITUTIONS IN APPLYING LAW FIDUSIA GUARANTEE IN INDONESIA

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Yunial Laili Mutiari ◽  
Muhammad Syahri Ramadhan ◽  
Irsan Irsan
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Legal Analysis ◽  
Alternative Funding ◽  
Funding Sources ◽  
Potential Alternative

Use of collateral institutions is very popular and already familiar in the community and guarantee institutions have an important role in the framework of Indonesia's economic development Guarantee institutions that are currently developing rapidly is a Fiduciary Guarantee. The role of fiduciary guarantee institutions as one of the potential alternative funding sources to support the growth of the national economy should be well accommodated as stipulated in Law Number. 42 of 1999 concerning Fiduciary Guarantee and OJK Regulation Number 29/POJK.05/2014 concerning the Implementation of the Business of the Financing Company. Most of the Financing Companies still have not registered the fiduciary guarantee deed due to a misunderstanding in elaborating the regulations regarding the collection of fiduciary guarantees stipulated in Law Number 42 of 1999 concerning Fiduciary Guarantee and OJK Regulation Number 29/POJK.05/2014 concerning the Implementation of Business of Financing Companies and Regulation of the Minister of Finance Number 130/PMK 010/2012.

LEGAL ANALYSIS OF THE ROLE OF FINANCING INSTITUTIONS IN APPLYING LAW FIDUSIA GUARANTEE IN INDONESIA

2019 ◽  
Vol 1 (1) ◽  
pp. 1-8
Author(s):  
Yunial Laili Mutiari ◽  
Muhammad Syahri Ramadhan ◽  
Irsan Irsan
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Legal Analysis ◽  
Alternative Funding ◽  
Funding Sources ◽  
Potential Alternative

Use of collateral institutions is very popular and already familiar in the community and guarantee institutions have an important role in the framework of Indonesia's economic development Guarantee institutions that are currently developing rapidly is a Fiduciary Guarantee. The role of fiduciary guarantee institutions as one of the potential alternative funding sources to support the growth of the national economy should be well accommodated as stipulated in Law No. 42 of 1999 concerning Fiduciary Guarantee and OJK Regulation No. 29 / /POJK.05/2014 concerning the Implementation of the Business of the Financing Company. Most of the Financing Companies still have not registered the fiduciary guarantee deed due to a misunderstanding in elaborating the regulations regarding the collection of fiduciary guarantees stipulated in Law No. 42 of 1999 concerning Fiduciary Guarantee and OJK Regulation No. 29 / /POJK.05/2014 concerning the Implementation of Business of Financing Companies and Regulation of the Minister of Finance Number 130 / PMK 010/2012.

scholarly journals Features of construction of the model socially oriented national economy

2020 ◽  
pp. 48-55
Author(s):  
Оlena Golovnya ◽  
Iryna Kinash
Keyword(s):  
Economic Development ◽  
Public Sector ◽  
Economic System ◽  
National Economy ◽  
State Regulation ◽  
The State ◽  
Social Orientation ◽  
Economic Mechanism

The background of the development of the model of economic development of Ukraine in the context of social orientation has been analyzed taking into account the interdependent influence of the mechanism of market relations and economic policy of the state. It is researched that the economic mechanism of socially oriented market economy contains organizational structure of production (vertical and horizontal), specific forms of functioning of economic system (state and non-state regulation of the market), as well as a specific institutional base (including its legislative component). The constituents of the economic system are entities formed by large economic entities (eg financial corporations). The authors argue that the economic mechanism of a socially oriented national economy is a complex structure and system of interconnections and includes: a) a system of balanced markets; b) public sector of economy; c) large economic structures that fulfill the regulatory role of the state for the economy as a whole and at the same time increase the market sensitivity to medium and long-term programs of its development; d) public sector administrative and production subsystem; e) system of operative state regulation of economy; e) a budget-balancing system with a powerful core; g) regulatory framework governing mid-market processes. The study states that Ukraine, in rather difficult conditions, produces the parameters of its own national model of socio-economic development for the long term. The country has not yet formulated or implemented an effective model of economic development that would fully reflect its national characteristics and interests and become a macroeconomic basis for effective state regulation It is determined that in the conditions of construction of a new model of the national economy the role of non-governmental and charitable organizations is increasing. The role of non-governmental organizations, which represent one of the most optimal legal forms to assist citizens in solving their common problems, upholding common interests, is a compulsory attribute of the model of socially oriented national economy.

PROSPECTS FOR DEVELOPMENT OF RESTAURANT BUSINESS IN AGRARIAN AND INDUSTRIAL STATE

2019 ◽  
Vol 18 (Vol 18, No 4 (2019)) ◽  
pp. 466-477
Author(s):  
Yuriy GUMENYUK
Keyword(s):  
Economic Development ◽  
Technological Innovation ◽  
National Economy ◽  
Household Income ◽  
Service Sector ◽  
Aggregate Demand ◽  
Industrial State ◽  
Artificial Cultivation

The role of the service sector in the development of the national economy of the country is substantiated. It is proved that the artificial cultivation of the service sector in the conditions of degradation of the branch structure and the reduction of effective aggregate demand can not bring it into the rank of the engine of economic development. Methodologically substantiated the author's position regarding the synergy of the level of household income, the structure of their expenditures, the investment attractiveness of the country and the productivity of its economy. The direct-to-person segment of the service sector is also characterized by technological and technological innovation, which is reflected in the deepening of personalization of the provision of catering services.

scholarly journals DEVELOPMENT OF HUMAN CAPITAL OF ENTERPRISE AS A CONDITION OF ECONOMIC GROWTH OF SOCIETY

2020 ◽  
pp. 17-25
Author(s):  
Ruslan Mann ◽  
Dmytro Lyashov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
National Economy ◽  
Cultural Development ◽  
Social Progress ◽  
Individual Enterprise ◽  
Main Components ◽  
Capital Development

The growth of crisis processes at present stage of socio-economic development of Ukraine increases the importance of understanding the role of individual in achieving social progress. Traditional approaches of understanding the sources of economic development are losing their relevance, shifting the emphasis to the intangible resources of innovative renewal, especially human capital. That is why investigation of role and importance of human capital development of enterprise in ensuring the economic growth of national economy and improving the welfare of its population in particular is very important.The purpose of the research is justification of scientific approaches to understanding the nature and importance of human capital of enterprise in ensuring the economic growth of society.The article substantiates the role of human capital of enterprise in the economic growth of individual, enterprise and society as a whole. The essence of the category «human capital of enterprise», the forms of its manifestation depending on the stage of implementation, the functions and need for its development for enterprise are determined. The author's vision of human role in formation and using of human capital in the context of achieving economic development of society is presented. The role and types of investments in formation and development of human capital of enterprise are substantiated. The peculiarities of this type of investments different from the financing of other enterprise capital are presented. Separated three main components of human capital, the development of which requires investment: health, education and cultural development of employees. The possibilities of investment of these directions by enterprise are characterized. There was noted that the relevant costs should be considered not as consumer but as investment, as they are profitable not only for one person but also for society, providing a significant effect of national economy growth as a whole.

Investment Security as a Factor of Steady Economic Development

2010 ◽  
pp. 16-25
Author(s):  
S. Naryshkin
Keyword(s):  
Economic Development ◽  
National Economy ◽  
State Policy ◽  
Economic Security ◽  
The State ◽  
Security Requirements ◽  
Russian Economy ◽  
Definition Of ◽  
Stable Development

The article argues for the growing role of economic security factors in the situation of post-crisis development. The paper is focused on the problem of investment security of the national economy. The article contains the definition of investment security and its basic criteria. The author designates major directions and tools of the state policy directed at maintenance of investment security requirements as a condition of stable development and modernization of the Russian economy.

scholarly journals The Role of BDS-P in Gap Reducing SMEs and Large Enterprises in Indonesia

2018 ◽  
Vol 73 ◽  
pp. 10017
Author(s):  
Khabib Alia Akhmad ◽  
Ravik Karsidi ◽  
Endang Siti Rahayu ◽  
Mahendra Wijaya
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Poverty Alleviation ◽  
Business Development ◽  
The Other ◽  
Funding Sources ◽  
Job Opportunity ◽  
Development Service ◽  
Large Enterprises

Micro-, small-, and middle-scale Enterprises (SMEs) in Indonesia contribute substantially to national economy, however the existence of SMEs itself encounters problems inhibiting its performance and business capability; on the other hand, government gives limited help in dealing with many problems the SMEs encounter. The existence of Business Development Service-Provider (BDS-P) is an alternative solution to help SMEs develop their business and reduce the gap between large enterprises and SMEs in the term of productivity, ability in accessing market, accessing information, using technology, and in accessing funding sources, so that SME can contribute to economic growth, job opportunity fulfillment, and poverty alleviation in Indonesia.

scholarly journals Ways to Overcome the Economic Crisis and the Role of Statistics in Decision-making: the Experience of Azerbaijan

2017 ◽  
pp. 93-97
Author(s):  
S. М. Yahubov
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Statistical Data ◽  
Strong Dependence ◽  
Statistical Information ◽  
The Road ◽  
Road Map ◽  
Road Maps ◽  
National Programs

The problems faced by the Azeri economy on account of the falling oil price, the slowing economic growth in the countries that are its key trade partners, and the parallel processes in finance and bank sector are discussed. It is shown that due to the reducing external investment, the rather strong dependence on imports and the shadow employment, the underdeveloped human capital, Azerbaijan risks to be moved to the group of countries with medium or even low rates of profitability. Four strategic goals of the road map for the national economy, developed for the transition to the new concept of economic development, are highlighted. It is argued that the sustainable economic development can be achieved through implementing these goals and the strategic road maps on 11 industries of the national economy, by setting the balance between its non-financial and financial sector. In analyzing the strategic road map for the national economy, it is emphasized that improvement in the statistics infrastructure is one of its action areas. Its main objective is to enhance the quality of statistical information for taking more effective decisions on extending the capabilities of supplementary support for the reforms. The importance of statistical reporting for analyses of the implementation of national programs and development guidelines adopted in Azerbaijan is emphasized. The role of statistics in analyses of the current performance and results of measures specified in the road maps at macroeconomic and sectoral level is underlined. The instruments for statistical data collection are enumerated. The branches of statistics where reorganization is a prime objective are determined. The need for actions to ensure international comparability of statistical data, integration of administrative data, development of the statistical information system on the basis of official methodology is substantiated.

scholarly journals THE ROLE OF LAW IN PROMOTING THE EFFICIENCY OF THE MODERN ECONOMY (Theoretical Approach)

2021 ◽  
Vol 17 (4) ◽  
pp. 62-71
Author(s):  
V. Sereda
Keyword(s):  
Economic Development ◽  
Rule Of Law ◽  
Digital Economy ◽  
Economic Regulation ◽  
Evolutionary Analysis ◽  
Legal Analysis ◽  
Optimal Regulation ◽  
The Rule Of Law ◽  
Methods Analytical

Introduction. Trends of effective economic development are combined with the innovation, building science-intensive economic potential in Ukraine and the flourishing of entrepreneurship. One of the factors of effective economic dynamics is the improvement of economic regulation, the development a holistic strategy for the introduction of digital technologies and innovations in production.Problem Statement. An urgent scientific task is to assess the scientific orientation of the developments of economists and lawyers and fill them with new content of modern realities based on the rule of law in society.Purpose. Theoretical rethinking of the role of law in modern economic development through the prism of the rule of law and the promotion of innovations.Materials and methods. Analytical, historical, and evolutionary analysis methods for theoretical developments, as well economic and legal analysis, the empirical method.Results. Economic and legal analysis and rethinking and strengthening of scientific developments of J. Schumpeter and other in the category of economic development, "creative destruction" and the driving force of entrepreneurship in economic growth supported by a striking example of Ireland's economic rise in 1987–2006, proved their acceptability for modern implementation to domestic economic strategy and legal policy. As a result of generalization is the original scientific vectors of optimal regulation of the digital economy by establishing the principle of the rule of law as an urgent need to create a positive impetus to economic progress.Conclusions. Optimal regulation of the digital economy is a lever to promoting economic progress, increasing national prosperity, and combating poverty. Factors for economic efficiency are the protection of the economicfreedom of entrepreneurship, the introduction of innovations and the rule of law in society.

scholarly journals INSTITUTIONAL INSTRUMENTS FOR REGULATING MONETARY SYSTEM: PRINCIPLES OF APPLICATION

2020 ◽  
pp. 57-64
Author(s):  
A. Luchenok
Keyword(s):  
Economic Development ◽  
Central Bank ◽  
National Economy ◽  
Central Banks ◽  
Financial Intermediaries ◽  
Real Sector ◽  
Monetary System ◽  
Inflation Rates ◽  
Monetary Approach

The role of institutional instruments in the regulation of the monetary sphere has been substantiated. It shows the narrowness of the monetary approach to implement macroeconomic policy, the concentration of central banks' activities on financial intermediaries and the rejection of gоals of the economic development. The basics principles of using institutional instruments in monetary regulation are as follows: creating conditions for ensuring the national economy development at low inflation rates; implementation of effective lending to the real sector by central bank; ensuring the coordination of the interests of the state, the central bank and the main social macro-groups in the monetary sphere.

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