Abstract
Economic sector is one of public welfare benchmarks as outlined in the opening of the 4th paragraph of the 1945 Constitution, namely the welfare of the nation's life. In the current economic development, it has triggered the importance of investment for Indonesia to be able to compete in the realm of global market competition. But the dependence on foreign investment will be a boomerang for Indonesia. Thus, this study is aimed to find out the investment law regulate by Government in Indonesia. Afterward, normative approach relating to foreign investment in Indonesia will be described as method in this study. Based on the study, it was concluded that with the existence of Law Number 25/2007 concerning investment and various implementing regulations, it was one form of government action concerned with the development of the investment sector. Therefore, the regulation can provide legal protection for both Indonesian citizens and foreign investors.
Highlights
Economic sector can be described as a measure of societies’ welfare
A good and equitable economy for all levels of society is the initial goal of Indonesian as stated in the opening of Indonesia Constitution of 1945 in the 4th paragraph, namely the welfare of the nation’s life
Investment in Indonesia is considered to be important since Indonesia is a developing country which needs an input of funds to carry out the development
Summary
Economic sector can be described as a measure of societies’ welfare. A good economic condition will bring the country into an advanced state. The development of information has eased people to know the economic condition of other countries It will lead into a wide range of investors which is interested to invest in such country. The presence or the continued support of foreign funds make Indonesia becomes depend on foreign revenues (Margono, 2008) It will have a negative impact if one day foreign parties are no longer invest in Indonesia. It is the current main problem for the Indonesia in carrying out the economic development of the country
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