Globalization and Indonesia's Political Economy: A Nonlinear Correlational Analysis between Trade, Investment and International Cooperation

English

Abstract

This study examines the influence of globalization on Indonesia's political economy in the aspects of trade, investment, and international cooperation. This study used secondary data from various official sources and analyzed it with a non-linear correlational quantitative approach. This research uses theories and concepts of political economy, such as liberalism, realism, marxism, dependencies, and neo-institutionalism, to explain the phenomena and relationships that occur. The results show a close and positive relationship between the level of globalization, trade, investment, and international cooperation of a country, but the relationship does not have a definite or constant pattern. This research contributes to the development of political economy, especially in the Indonesian context, and provides input for the government, business actors, and the community in formulating and implementing economic policies that are in accordance with national and global interests.