摘要:Foreign direct investment has a crucial role in accelerating economic development of a state. One of the most attractive investment sectors is tourism that has unique characters of a service industry. It has contributed jobs, tax income, and domestic value significantly. However, foreign direct investment in tourism has adverse impacts, such as environmental and anti-competitive practice. The existence of domestic laws and regulations is crucial to determine a state’s success to gain benefits from foreign direct investment in tourism. This paper aims to analyze the existing laws and regulations that regulate foreign direct investment in Indonesian tourism. This paper shows that the existence of foreign direct investment has been managed through fragmented and unclear laws and policies based on Indonesian laws of investment, tourism, environment, labor, and land.
关键词:foreign direct investment; Indonesia; tourism regulations