Contextualization of Social Market Economy in Indonesia Development

Abstract

This study is intended to provide an overview of the social market economic system and its contextualization in the Indonesian economy. Data used in this research are secondary data obtained from Statistics Indonesia, Department of cooperatives and small businesses, National planning agency of Indonesia, World Integrated Trade Solution, World Bank and CYBEX Exim Solution. The data in this study consisted of time series data (time series) and latitude series data (cross section). The method used is qualitative analysis in the form of analytical descriptive. The study provides an illustration that the socialist market economy known as Pancasila economy is one of the alternative solutions of an economic system compatible with the Indonesian nation.