文章基本信息

标题：Job Creation Law and Foreign Direct Investment in Tourism in Indonesia: Is It Better than Before
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作者：I Gusti Ngurah Parikesit Widiatedja ; I Nyoman Suyatna
期刊名称：Udayana Journal of Law and Culture
电子版ISSN：2549-0680
出版年度：2022
卷号：6
期号：1
页码：62-82
DOI：10.24843/UJLC.2022.v06.i01.p04
语种：English
出版社：Faculty of Law University of Udayana
摘要：Foreign direct investment plays a critical role in a host country's economic development. Tourism, with its distinct character as a service business, is one of the most appealing investment industries. It has made a substantial contribution to the creation of jobs, tax revenue, and domestic value-added. The existence of domestic laws and regulations is critical in determining the extent to which a country's performance in getting benefits from investment can be maximized while reducing the negative impact. This article is aimed to examine whether the newly-enacted Job Creation Law provides a better arrangement on foreign direct investment in tourism compared to the previous laws and regulations. This article employs a normative approach by analyzing relevant laws and regulations concerning foreign direct investment in tourism in Indonesia. By looking at aspects on the choice of business fields, the issuance of business permit, land ownership, and labour, this article contends that Job Creation Law fails to provide integrated and comprehensive arrangements on the existence of foreign direct investment in tourism.