Enhancing Sustainable Economic Policies for Socioeconomic Development and Well-being in Indonesia

Abstract

Sustainable policies hold the potential to enhance economic growth, socioeconomic development, and citizen welfare. Indonesia's GDP witnessed a 5.31% growth from 2013 to 2022, though this rapid expansion may contribute to growing inequalities. Despite overall progress, rural areas in Indonesia continue to grapple with persistent poverty. This study investigates economic policies related to deforestation, pollution, and climate change adaptation, aiming to comprehend their impact on crucial sectors, diverse geographical areas, and societal needs. It emphasizes the intricate connections between these policies and socioeconomic progress, highlighting the importance of balancing ecological sustainability and economic advancement. Utilizing a systematic literature review, the research engages with scholarly literature and Indonesian economic development strategies. Findings suggest that sustainable economic policies positively influence well-being, while income inequality and environmental degradation can impede progress. The study aims to provide concise policy recommendations to the Indonesian government, navigating the nuanced relationship between economic policies, social advancement, and populace well-being.