Normative legal research reveals the need for regulations reflecting local wisdom in Indonesia, highlighting government involvement in business law reform.
Key Points
Legal regulations often overlook local needs and values, resulting in ethical misalignment.
Formal business law creates legal uncertainty, which discourages domestic investment and competition.
The study uses normative legal research to analyze integration of local wisdom into business regulations.
Emphasizing local culture may enhance inclusivity and support grassroots economic sovereignty in Indonesia.