Determining Factors Affecting the Interest in Investment in Bulukumba Area of South Sulawesi

Abstract

The natural resources in Bulukumba district are readily available, but they are not optimally managed. Thus, the current economic growth of 5.05% is not high compared to other areas in South Sulawesi. Therefore, there is a need to increase the regional economic growth investment from both domestic and overseas sources. The purpose of this research is to determine the potential of the area and decide how the policy for supporting investments and strategies can be done to improve investment in the region. This research, using qualitative descriptive research methods, is a study conducted to determine the value of self-variables, either one or more variables (independent) without making comparisons or linking them with other variables.Qualitative research is a systematic scientific study of the parts and phenomena. The research results are known to the potential area with high competitiveness consisting of the agricultural, fisheries, and tourism sectors. The tourism sector is one of the flagships owned by Bulukumba. There are some tourism products that are superior to the area that are not owned by other regions such as the craft of “Phinisi” boat making as a product of the community culture and the culture of "amma toa" in kajang that has not been well managed. Bulukumba can be developed with clear rules so investors can enter and cultivate potential there in order for it to increase regional economic growth to a rate of 7.5%. Moreover, investment development strategy is the provision of convenience in terms of business licenses and the promotion of the area’s potential using technology.

The Role of Natural and Human Resources on Economic Growth and Regional Development: With Discussion of Open Innovation Dynamics

“…Thus, the development of investment in a region especially in Bulukumba Regency has many benefits and economic growth is increasingly advanced. It also finds that higher life expectancy and increases in investment have a positive impact on economic growth [41]. The Problem of Investment appeal assessment has a sufficient theoretical basis.…”

“…Bulukumba Regency has the potential to attract tourism in the form of nature tourism, cultural tourism and marine tourism which have different characteristics and specifications. Some tourism products are superior in the area that is not present in other regions such as the craft of "Phinisi" boat making as a product of the community culture and the culture of "amma toa" in Kajang that have not been well managed [41]. Bulukumba Regency could serve as an attraction to be visited by both domestic and foreign tourists.…”

Comprehensive evaluation of the efficiency of investment projects under concession agreements in the Russian regions with mineral and raw materials specialization

“…The ongoing changes at the end of the 20 th century, associated with radical rethinking of the social development directions toward equilibrium and socially-oriented economic growth, promoted the emergence of a new paradigm in theoretical terms -the concept of sustainable economic development (STEURER, 2005;SALEH et al, 2020); in practical terms, these changes resulted in the reorientation of state economic policy. The latter built on the conceptual ideas of an economic entity development based on the triune criterion of investment rationality: obtaining a commercial result and achieving social and environmental indicators of industrial production.…”

Sustainable Condition of the Agricultural Sector’s Environmental, Economic, and Social Components from the Perspective of Open Innovation

“…However, scientists also argue that this is possible with a certain level of economic development that only industrialized, rich countries can afford [57]. These countries can afford serious technological changes in the agricultural industry and ensure its extensive development on an innovation basis [57], whereas the agro-industrial sector in countries with developing economies is not an investment-attractive industry [58,59] and its sustainability and development depend primarily on financial factors, such as the level of state subsidies, the level and possibility of bank lending for agriculture in the country, and the level of foreign investment in the industry [7,58].…”