Economic Law in Sustainable Development: Impact on Community Welfare in Indonesia

Abstract

Sustainable development has become the main focus for many countries, including Indonesia, in efforts to achieve sustainable socio-economic prosperity. Economic law, as a legal framework that regulates the economic aspects of society, plays a very important role in directing economic development towards sustainability. This article aims to explore the role of economic law in the context of sustainable development in Indonesia and to analyze the real impact of sustainable development on the socio-economic sector and examine how economic law can be a tool to improve the welfare of society in this country. This research uses a normative legal approach using library materials (secondary materials) or library legal research. The research results show that economic law plays a role as a regulator of behavior in economic activities, bridging economic growth with environmental preservation, and protecting intellectual property rights. At the national level, environmental regulations and the protection of natural resources are the focus, while at the international level, economic law supports fair and sustainable international trade. This role has an impact on the welfare of society in Indonesia which includes improving the quality of life, fair access to technology and knowledge, decent work, eradicating inequality and economic sustainability.