State Capitalism In The Tourism Sector: Mandalika Special Economic Zone Study
DOI:
https://doi.org/10.51601/ijersc.v4i5.709Abstract
This research observes the transformation process of tourism development
governance that leads to strengthening the role of state capitalism. This research
describes the regulatory trajectory of state capitalism in the tourism sector in three
eras of government and identifies the style of state capitalism and its implications
for the development of the Mandalika Special Economic Zone. This research uses a
qualitative method with data collection techniques in the form of in-depth interviews
and secondary data review. This research is analyzed from the perspective of
technocratic state capitalism. The results of this study show that the regulatory
trajectory in the three eras of government contributed to regulatory instrumentation
in supporting state capitalism in the Mandalika tourism sector. The active role of the
state in building the power of state capitalism in the development of the mandalika
area is seen from several aspects including the creation of a policy framework, the
provision of regulatory instruments, the provision of infrastructure as well as the
main driver of economic activity in the region. The practice of state capitalism in the
operationalization of the Mandalika SEZ is characterized by developmental state
capitalism. This practice has succeeded in encouraging regional infrastructure
development by absorbing investment while mobilizing State-Owned Enterprises in
various strategic sectors such as construction, financing and financing guarantees,
and Tourism SOEs. In conclusion, the development of state capitalism in the tourism
sector goes hand in hand with the development of the tourism economy as one of the
sectors that support Indonesia's economic growth.
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