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Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1] The term "Pancasila economy" first appeared in an article by Emil Salim in 1967. [2]
The ideal of Pancasila has not effectively translated into a functioning liberal democracy in Indonesia. Instead, Pancasila has become a symbol of Indonesian exceptionalism, embodying the nation's values and identity. Pancasila is open to abuse, which in this case was the invitation to criminalise all kinds of ideologies but Pancasila itself.
On 26 March 1979, thru Presidential Decree No. 10/1979, the Agency for Development, Education, Implementation of Guidelines for the Appreciation and Practice of Pancasila (Badan Pembinaan Pendidikan Pelaksanaan Pedoman Penghayatan dan Pengamalan Pancasila, BP-7) was founded by Suharto administration to futher develop Pancasila as national ideology.
Modern Wawasan Nusantara, the Indonesian archipelagic baselines pursuant to article 47, paragraph 9, of the United Nations Convention on the Law of the Sea (UNCLOS). Wawasan Nusantara, or Indonesian Archipelagic Vision, is the national vision of Indonesia towards their people, nation, and territory of the unitary state of the Republic of Indonesia (including its land and sea as well as the air ...
Pañcasīla, derived from Pali or Sanskrit pañca (five) and sīla (principles), spelt Panchsheel in modern Indian languages, may refer to: . Five precepts, the basic form of Buddhist precepts
Saudi Arabia, [d] officially the Kingdom of Saudi Arabia (KSA), [e] is a country in West Asia.Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about 2,150,000 km 2 (830,000 sq mi), making it the fifth-largest country in Asia, the largest in the Middle East, and the 12th-largest in the world. [15]