Law and Humanities
Quarterly Reviews
ISSN 2827-9735
Published: 10 November 2022
Reconstruction of the People's Economic Model: Development of Micro, Small and Medium Businesses Based on Digital Transformation as a Strengthening Economy Post-Covid-19 Pandemic
Elli Ruslina, Tuti Rastuti, Zakki Abdilah Sjam
Universitas Pasundan, Indonesia
Download Full-Text Pdf
10.31014/aior.1996.01.04.37
Pages: 85-93
Keywords: Reconstruction, People's Economy, Digital Transformation, Post-Covid
Abstract
The people's economy is one of the principle instruments of Indonesian economic democracy. To overcome economic conditions during the Covid-19 pandemic, people are motivated to overcome problems to meet their needs for life independently. Communities and digital-based small and medium enterprises have unwittingly formed a mutually beneficial relationship between business transactions. The concept of populist economy is re-actualized in their economic activities. This study aims to examine the reconstruction of the populist economic model as the development of small and medium-sized businesses based on digital transformation in a post-covid-19 pandemic. This research is a literature study with descriptive-analytic research specifications. The results of the study show that the concept of a populist economy and digital transformation in small businesses is a model for strengthening the populist economy during the COVID-19 pandemic, but it has not yet been measured regarding the sustainability of the model's reconstruction after the pandemic. This concept can become a new paradigm in order to strengthen the national economy after the COVID-19 pandemic.
References
Amalia, E. (2010). The History of Islamic Economic Thought (from classical to contemporary). Depok: Gramata Publishing.
Arifqi, MM.(2020). The Concept of People's Economy as the Development of Islamic Cooperatives in Indonesia (Studying Muhammad Hatta's Thoughts). SULTANIST Journal of Management and Finance. 8(2) :96.
AS, MF. (2019). Re-evaluating the People's Economy on the Island of Padang. Riau. Journal of Cultural Space Studies. 3(1):5–29.
Awan, S. (2012). The Model for the Implementation of the People's Economy in the City of Yogyakarta Based on the Index of Economic Democracy. Journal of Socio Humanities. 3(4):74–92.
Arianto, B. (2020). Digital Micro, small and medium businesses Development in the Covid-19 Pandemic Period. ATRABIS Journal of Business Administration [Internet]. 6(2):233–47. Available from: https://www.jurnal.plb.ac.id/index.php/atrabis/article/view/512
Farhani, I, Chaniago, H. (2021). Determinants of the Digital Transformation of Micro, small and medium businesses: Evidence from Indonesia. Prosiding 12th Industrial Research Workshop and National Seminar [Internet].;12(Vol 12: Prosiding 12th Industrial Research Workshop and National Seminar (IRWNS)):4–5. Available from: https://jurnal.polban.ac.id/proceeding/article/view/2845
Fajri, H. H.A. (2020). Strategy for Increasing Food Security in Facing the Covid-19 Pandemic in Bukittinggi City. Journal Benefita. 5(3):366–81.
Hasnawati, F. (2018). Population Economy Based on Local Potential. Journal of Community Development. 2018;V(5):54–65.
Junaedi D, & Salistia F. (2020) The Impact of the COVID-19 Pandemic on Economic Growth in Affected Countries. State Finance National Symposium. p. 995–1115.
Journal Entrepreneur's. (2021). Business: Understanding, Types and Development of Micro, small and medium businesses in Indonesia. Available from: https://www.jurnal.id/id/Pemanfaatan_Sarana_Teknologi_Informasi_dan_Komunikasi
Kartasasmita, G. (2014). Development for the People combines Growth and Equality (e-book) [Internet]. e-book. Jakarta: Pustaka Cidesindo; Available from: https://issuu.com/ginandjarkartasasmita/docs/pemb_u_rakyat
Lathifa, D. (2019). Reviewing the Development of Micro, small and medium businesses in Indonesia, What is the Condition? [Internet]. Available from: https://www.online-pajak.com/tentang-pph-final/perkembangan-umkm-di-indonesia
Mubyarto. (2014). People's Economics. South Jakarta: Indonesian Extension Institute & American Institute For Indonesia Studies (AIFIS)
Nasution, A. (2022). Public Panic Buying Against The Rise Of Prices And Scarcity Of Cooking Oil In The City Of Medan. Denai. Journal Business Corp. 6(2):113–20.
Panggabean AN. (2018). Understand and Manage Digital Transformation. E-bus Strateg Implement. 20.
Pratiwi, AI. (2021). Startup: Startup Culinary Business in the Covid-19 Pandemic Period. Journal of Economics. 4(1):2.
Putri, Herdiana, Munawar et. al. (2021). Educational Technology and Digital Transformation in the Time of the COVID-19 Pandemic. Inf Commun Technol. 20(1):53–7.
Ruslina, E., Rastuti, T. & MZA. (2021). Reactualization of the People's Economy during the Covid-19 COVID-19 Pandemic Through the Implementation of Mutualism and Family Principles in the Context of National Economic Recovery. Bandung.
Republik Indonesia. Constitution of 1945. 1945;4(1):1–12.
Royyana. (2018). Digital Transformation in PT Kimia Farma (Persero)Public. Community Health Information. 33.
Schwertner, K. (2017). Digital Transformation of Business. Trakia J. Sci [Internet]. 2017;15(1):388–93. Available from: https://doi.org/10.15547/tjs.2017.s.01.065.
Setyaningrum, F. (2021). The Concept of a People's Economic System in Empowering Micro, small and medium businesses in Indonesia. E- Journal of Economics and Business. Universitas Udayana. 10(8):565.
Subandi. (2008). Cooperative Economy. Bandung: Alfabeta.
Sumawinata.(2004). People's Economy Politics. Jakarta: Gramedia Pustaka Utama.
Swasono, S.E. (2010). Indonesia and the Doctrine of the Welfare State. Jakarta: Perkumpulan PraKarsa.
Swasono, S.E. (2015). Indonesia: Sovereignty and Independence Economic Democracy. Yogyakarta: UST Press.
Swasono, S.E. (1985). Building a National Economic System: The Economic System and Economic Democracy. Jakarta: UI Press.
Suhendi, S. (2012). Islamic Economics Based on Populist Economy. Iqtishaduna [Internet]. 1(2):299–309. Available from: https://www.neliti.com/id/publications/314708/
Suyatna, H. (2020). The Covid-19 Pandemic Momentum for Reflection on National Economic Policy. Center for the Study of People's Economics UGM [Internet].0 ;Juli(8). Available from: https://ekonomikerakyatan.ugm.ac.id/uncategorized/pandemi-covid-19-momentum-refleksi-kebijakan-perekonomian-nasional/
Widayani, NM. & Astitiani, NLPS., & Putri, BCL. (2021). The Application of Digital Transformation in Micro, small and medium businesses During the Covid-19 Pandemic in Denpasar City. Journal of Management Science and Business. 6(1):79–87.
Zulkarnain. (2006). Entrepreneurship Strategy for Small Medium Enterprises and the Poor Empowerment. Yogyakarta: Adicita Karya Nusa.