The Impact of Globalization and The Free Market on The Economic Growth of Umkm on Pekalongan
DOI:
https://doi.org/10.52300/jemba.v3i2.9690Keywords:
Globalization, MSMEs, Free MarketsAbstract
Globalization and free markets have a big influence on the Indonesian economy, including MSMEs as the spearhead of the Indonesian economy today. Globalization is spreading rapidly through communication technology, changing many people's habits such as food, lifestyle, and even politics. The free market also presents new challenges because goods, services and labor will more easily enter other countries. People's markets and modern shops also support Pekalongan City's economic activities, which are largely driven by trade in superior goods such as batik and fisheries. The trade and cooperative sectors together make a significant contribution to the expansion of the economy in Pekalongan City. The commercial development of Pekalongan City's superior goods, such as batik, fish, weaving, convection, and several other crafts that develop with a wealth of invention and ingenuity, is proof of this. Free markets have advantages and disadvantages. The ability to easily obtain desired foreign goods and keep up with global market trends is a beneficial impact Globalization and free markets have had negative and positive impacts on MSMEs in Pekalongan, but on the other hand this also brings great opportunities for MSMEs in Pekalongan to further expand their market reach.
Downloads
References
Amalia, N. (2020). Free Market Towards a Progressive Indonesia. Department of Sharia Banking, Faculty of Islamic Economics and Business , 1 (1), 5–24.
Alexandro, R. (2021). Teacher's Strategy in Managing Classes in Online Economics Learning to Increase Motivation and Achievement in Economics Learning for Class XI Social Sciences. JTP-Jurnal Teknologi Pendidikan, 23(3), 235-247.
Bawon, Syawitri Pertiwi, Engelien R. Palandeng, DFB (2020). THE IMPACT OF FREE TRADE IN THE ERA OF GLOBALIZATION IN INDONESIA IN LAW NO. 44 OF 2007 CONCERNING FREE TRADE AREA . VIII (2), 154–163.
Christa, U., & Kristinae, V. (2021). The effect of product innovation on business performance during COVID 19 pandemic. Uncertain Supply Chain Management, 9(1), 151-158.
Darfaz, MI, Kurniansyah, D., & Febriantin, K. (2023). Challenges for Indonesian MSMEs in Facing the ASEAN Free Market . 7 (2). https://doi.org/10.58258/jisip.v7i1.5040/http.
Cooperative & SME Trade Service. (2021). Strategic Plan (Renstra) of the Pekalongan City Cooperative & SME Trade Service for 2021-2026 . 1–100.
Faizah, NH (2019). SMEs in Competition in the Era of Economic Globalization. Upajiwa Dewantara , 3 (2), 127–135. https://doi.org/10.26460/mmud.v3i2.4378.
Halim, A. (2020). THE INFLUENCE OF THE GROWTH OF MICRO, SMALL AND MEDIUM ENTERPRISES ON THE ECONOMIC GROWTH OF MAMUJU DISTRICT . 1 (2), 157–172.
Mairing, J. P., Sidabutar, R., Lada, E. Y., & Aritonang, H. (2021). Synchronous and asynchronous online learning of advanced statistics during Covid-19 pandemic. JRAMathEdu (Journal of Research and Advances in Mathematics Education), 6 (3), 191–205.
NEGARA, D. J., FERDINAND, F., MEITIANA, M., ASTUTI, M. H., ANDEN, T., SARLAWA, R., & MAHRITA, A. (2021). Knowledge Sharing Behavior In Indonesia: An Application Of Planned Behaviour Theory. The Journal Of Asian Finance, Economics And Business, 8(3), 1053-1064.
Ratiyah, R., Hartanti, H., & Setyaningsih, ED (2021). Innovation and Competitive Power of MSME Entrepreneurs: The Impact of Globalization of Information Technology. Ecodemic Journal Journal of Management and Business Economics , 5 (2), 152–163. https://doi.org/10.31294/eco.v5i2.10582.
Sudaryanto, R., & Wijayanti, R. (2014). Strategy for empowering MSMEs in facing the ASEAN Free market. Journal of Finance & Monetary , 16 (1), 1–20.
Sudrartono, T., Nugroho, H., Irwanto, I., Agustini, IGAA, Yudawisastra, HG, Maknunah, LU, Amaria, H., Witi, FL, Nuryanti, N., & Sudirman, A. (2022). MSME Entrepreneurship in the Digital Era. At Cv Widina Media Utama.
Suprijanto, A. (2011). The Impact of Economic Globalization on. CIVIS Scientific Journal , I (2), 100–119.
Sutria, D. (2019). Implementation of the Incandescent Stone Method in Mathematics Learning to Improve Student Activities and Learning Outcomes at State Elementary School 47, Jambi City. Journal of Basic Charm , 7 (2), 1–9. https://doi.org/10.24815/pear.v7i2.14753
Tiawon, H., & Supartha, I. (2021). Implementing a business strategy with supply chain management in a management system and management control to improve the performance of the hotel business. Uncertain Supply Chain Management, 9(3), 687-695.
