Government Policy in Mining Field to Encourage Indonesian Economy and Support Industrial Revolution 4.0

Febrianto, Surizki and Suparto, Suparto (2019) Government Policy in Mining Field to Encourage Indonesian Economy and Support Industrial Revolution 4.0. In: 3rd International Conference on Globalization of Law and Local Wisdom (ICGLOW 2019), Oktober 2019.

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Abstract

As a developing country, Indonesia which is heading towards developed countries is required to make efforts to accelerate economic growth. One way to do is to invite the investors to invest their capital in Indonesia, both domestic investors and foreign investors as contained in the Law of Republic Indonesia No. 25 of 2007 concerning Investment. One of the business sectors that can be improved in the context of improving the economy is mining. Related to the mining sector, Indonesia has the potential and superiority compared to other countries because of the First; Indonesia is a country that has the most complete mineral wealth in the world. The Second; Indonesia has relatively large and diverse types of energy sources, ranging from petroleum, gas, coal and other renewable energy sources. From the above, it must be known that the processing needs to be closely monitored by the government from upstream to downstream in mining activities, so that it has an impact on improving the Indonesian economy. On the one hand, indeed in terms of raw material and commodity trade, Indonesia holds a key position.This study using normative legal research methods by means of library research. This government policy in the mining sector will have a positive impact on the government and employers because the added value of semi-finished mining materials is higher, increasing state revenues from the tax and non-tax sectors, opening employment and encouraging the economic development of communities around the region where investors invest and supporting the 4.0 industrial revolution.

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