DEVELOPMENT AND GLOBAL REGULATION IN EUROPE AND ASIA COUNTRIES
Development in the world can be influenced through several mediums such as interaction with policymakers, international aid programs, and international regulations. The compliance of countries in the world with international rules can reduce the negative impact on development in the countries. The question of regulatory failure highly occurred in less developed countries associated with imperfect regulatory models. In addition, coordination of the development sector in the aspects of human morality related to regulation can help overcome the problem of poverty and is a meso approach focused globally as well as on individual companies. Therefore, this concept paper aims to analyse global development and regulation in European and Asian countries. Research shows that there are various solutions to regulatory capability problems experienced by developing countries such as code and standard implementation incentives during market pressures and voluntary schemes to provide reliable and standardized information. Thus, the government plays a role in establishing social goals, focusing on the freedom of civil society, planning and governing the country, enhancing the progress of the country, and producing effective rules. Regulation in administration and development has an important impact on administrative and development procedures because regulation can be defined as effective once the desired effect has been achieved as well as the general interest that creating the desired regulation and function regulatory. In addition, rights-based human resource management can create redistribution and development in the dual economy which causes the rules of consumption to produce rent that can finance the allocation of labour for resource-free production.