Optimizing the Role of Law on Preventing Hidrance to Investment on Special Economic Zone: A Study on Special Economic Zone SeiMangkei, North Sumatera

Budiman Ginting, Rosnidar Sembiring, Mahmul Siregar, Afrita Abduh

2018

Abstract

The role of law on economic development lies on the ability of the law itself to give a certainty, predictability and stability. Those kind of law will be able to reduce or abolish a nonproductive cost which businessman bears. Legal certainty which has yet to be materialized in the Special Economic Zone on Sei Mangkei has a huge potential of becoming a hindrance towards the investments on Special Economic Zone Sei Mangkei. This situation occurs owing to the fact that in general, the norms of positive laws on managing the Special Economic Zone SeiMangkei has yet to be implemented upon. Various weaknesses on implementing law on Special Economic Zone SeiMangkei causes the competitiveness on business world and Special Economic Zone SeiMangkei’s attractiveness to be less. A support from all stakeholders’ dan law is needed to make Special Economic Zone SeiMangkei of having a significant role on the national and regional economics.

Paper Citation

in Harvard Style

Ginting B., Sembiring R., Siregar M. and Abduh A. (2018). Optimizing the Role of Law on Preventing Hidrance to Investment on Special Economic Zone: A Study on Special Economic Zone SeiMangkei, North Sumatera.In Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR, ISBN 978-989-758-449-7, pages 1316-1323. DOI: 10.5220/0010072613161323

in Bibtex Style

@conference{icosteerr18,
author={Budiman Ginting and Rosnidar Sembiring and Mahmul Siregar and Afrita Abduh},
title={Optimizing the Role of Law on Preventing Hidrance to Investment on Special Economic Zone: A Study on Special Economic Zone SeiMangkei, North Sumatera},
booktitle={Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR,},
year={2018},
pages={1316-1323},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010072613161323},
isbn={978-989-758-449-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR,
TI - Optimizing the Role of Law on Preventing Hidrance to Investment on Special Economic Zone: A Study on Special Economic Zone SeiMangkei, North Sumatera
SN - 978-989-758-449-7
AU - Ginting B.
AU - Sembiring R.
AU - Siregar M.
AU - Abduh A.
PY - 2018
SP - 1316
EP - 1323
DO - 10.5220/0010072613161323