Due to the COVID-19 pandemic: Maintaining economic growth by conducting catastrophic policy without considering adaptive structuration and foresight orientation

Sumiyana, Sumiyana (2024) Due to the COVID-19 pandemic: Maintaining economic growth by conducting catastrophic policy without considering adaptive structuration and foresight orientation. Journal of Infrastructure, Policy and Development, 8 (8). ISSN 2572-7923

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Abstract

When COVID-19 hit all the Asian countries, Indonesia issued various laws and regulations. This study investigates these laws that do not improve the countrys ability to increase its adaptive structuration and foresight-oriented investment. It analyzes all the new laws, which should be based on the requirements of both concepts. It considers that all the laws are intended to defend the Government of Indonesias economic performance (GoI). It means that all the established regulations were built on the premise that they only focused on national economic preservation, especially economic growth. In other words, this study stated that the absence of regulations containing adaptive restructuration and foresight-oriented investment would decrease the states agility. This absence potentially impacts Indonesia to zcategorize the future as the states political failure. It shows evidence that Indonesia could not enforce and empower its structural potential. This study indicates that Indonesia made no foresight-oriented investment to cover the disbursed costs due to the COVID-19 pandemic. Future policies should be improved by including growth opportunities to enhance Indonesias agility. This agility could finally be achieved when all the laws issued by the GoI do not contain the praxis. © 2024 Elsevier B.V., All rights reserved.

Item Type: Article
Additional Information: Cited by: 0; All Open Access; Gold Open Access
Uncontrolled Keywords: adaptive structuration; foresight; political failure; growth opportunity; agility
Subjects: H Social Sciences > HN Social history and conditions. Social problems. Social reform
Divisions: Faculty of Economics & Business > Doctoral Program in Accounting, Economics, and Management
Depositing User: Maryatun MARYATUN
Date Deposited: 27 Oct 2025 00:02
Last Modified: 27 Oct 2025 00:02
URI: https://ir.lib.ugm.ac.id/id/eprint/23580

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