Implications of Foreign Investment on Economic Development Growth Post-Job Creation Act

Abstract

This article discusses the implications of Foreign Investment on the growth of economic development in Indonesia. The legal basis for foreign investment is Law 1 of 1967 concerning Foreign Investment which was updated to Law No. 25 of 2007 concerning Investment and structuring through Law of the Republic of Indonesia Number 11 of 2020 concerning Job Creation. The implications that occur in Indonesia for foreign investment have positive and negative impacts. This study aims to identify and analyze the implications of foreign investment on the growth of economic development in Indonesia and the legal protection of foreign investors who invest in Indonesia. This research is a normative research with a statutory approach and a conceptual approach. The technique of collecting legal materials used in this research is a library study. The results of the study indicate that the government has a very large role in the development of foreign investment in Indonesia. In achieving this role, legal certainty is needed from a regulatory perspective. The Investment Law has provided protection for foreign investors so that it can encourage many foreign investors to invest in Indonesia.