Abstract
<em>This research aims to analyze the government's possible strategies to empowering cooperatives as an alternative means of channeling financing after the Covid-19 Pandemic in Indonesia. Basically, cooperatives are business media for enhancing the standard of living in a family, and are referred to as the pillars of the national economy. The study was also carried out in order to provide a regulatory solution regarding the revitalization of cooperatives, in strengthening the organisation, especially in the financial aspect. The normative juridical approach, was used, also known as the doctrinal legal technique. The results showed that the cooperatives required significant organizational changes, such as strengthening the implementation of good governance regulations, conducting financial agreements, as well as managing income and human resources. Furthermore, significant organizational changes were achieved by forming a ministerial regulation, to regulate good governance, enact internal rules, create a code of conduct, and establish a financial system with legal agreement among the cooperative members.</em>
Highlights
The implementation of micro and macroeconomic theories is essential in improving the effective management of a state’s resources
The results showed that the cooperatives required significant organizational changes, such as strengthening the implementation of good governance regulations, conducting financial agreements, as well as managing income and human resources
Based on the discussion, the existence of cooperatives should be considered as pillars for improving the state's economy, due to the challenges posed after the Covid-19 Pandemic
Summary
The implementation of micro and macroeconomic theories is essential in improving the effective management of a state’s resources. This is due to their respective functions in providing solutions to difficult economic situations. The determination of economic activities, as well as the importance of government policies and intervention are emphasized in macroeconomic (Sukirno, 2020). Based on these two theories, the state needs to synergize several strategies, such as increasing the capital income reducing the poverty and unemployment rate, and elevating the educational sector to reduce the high level of illiteracy. To further boost this sector, it is necessary to increase the people’s per capita income
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