Journal of Global Economics (JoGE)

Digital Economic Transformation: Challenges and Opportunities in Developing Countries

Miranda Karmila — 2025-03-25

This study aims to develop effective learning strategies by utilizing technology to improve student learning outcomes. The study used a quantitative approach with a quasi-experimental method through a pretest-posttest control group design. The subjects of the study consisted of two classes selected by purposive sampling, namely the experimental group using technology-based learning strategies and the control group using conventional methods. Data were collected through learning outcome tests, perception questionnaires, and observation sheets. The results of the study showed that the application of technology-based learning strategies was more effective in improving student learning outcomes compared to conventional methods. This is evidenced by the results of the t-test which showed a p value <0.05, which means there is a significant difference between the experimental group and the control group. In addition, simple regression analysis shows a positive relationship between the application of technology-based learning strategies and improved learning outcomes. This study provides theoretical contributions in the development of learning strategies that integrate technology, as well as providing practical implications for educators in implementing more effective methods. The results of this study are in line with the theory that the use of technology in learning can increase student motivation, engagement, and understanding.

Analysis of Determinants of Foreign Investment in Developing Countries Post COVID-19 Pandemic

Aditya Halindra — 2025-03-25

This study aims to analyze the factors influencing foreign direct investment (FDI) in developing countries in the post-COVID-19 pandemic period. A mixed-methods approach is used by combining quantitative and qualitative analysis. Secondary data were collected from reports of international institutions such as UNCTAD, the World Bank, and the IMF, while primary data were obtained through interviews with economists, policy makers, and foreign investors. The results of the regression analysis show that economic policies and political stability have a significant influence on FDI flows, while infrastructure and labor quality, although positive, are not statistically significant. Qualitative analysis reveals that flexibility in economic policies and efforts to improve political stability are key factors considered by investors. This study suggests that developing countries should strengthen economic policies and create a stable political environment to increase the attractiveness of foreign investment.

The Role of Financial Inclusion in Improving the Welfare of Rural Communities: A Study in West Java Province

Asep Sutisna — 2025-03-25

This study aims to examine the role of financial inclusion in improving the welfare of rural communities in West Java Province. Using a quantitative approach through surveys and a qualitative approach through semi-structured interviews, this study identifies various barriers that hinder rural communities' access to formal financial services. The results show that access to savings, credit, insurance, and digital payments contribute positively to community welfare. However, barriers such as low financial literacy, limited infrastructure, negative perceptions of formal financial institutions, and high transaction costs remain major challenges. This study suggests the need for more effective strategies to expand access to financial services in rural areas through strengthening financial literacy, infrastructure development, and formulating more inclusive policies.

The Role of the Creative Economy in Driving Local Economic Growth

Syahrir Tito — 2025-03-25

This study aims to analyze the role of the creative economy in driving local economic growth and identifying development strategies that involve collaboration between government, business actors, and local communities. This study uses a descriptive method with a literature review approach and secondary data analysis sourced from various literature, scientific journals, and official reports. The results of the study show that the creative economy contributes significantly to the Gross Regional Domestic Product (GRDP), job creation, and increasing the competitiveness of local products in various regions. Several sub-sectors such as crafts, fashion, culinary, and culture-based creative tourism have proven to be able to create new business opportunities and increase regional income through increasing the number of tourists and exports of creative products. Development strategies involving collaboration between parties have also proven effective in strengthening the competitiveness of local products. However, challenges such as limited access to funding, supporting infrastructure, and suboptimal coordination still need to be addressed. Therefore, there needs to be a more integrated policy, strengthening collaboration, and providing adequate infrastructure to optimize the contribution of the creative economy to local economic development.

Financial Inclusion and Financial Literacy: Impact on MSME Development in Indonesia

Edward Rosali — 2025-03-25

This study aims to analyze the influence of financial inclusion and financial literacy on the development of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. In addition, this study also examines the role of financial literacy as a moderating variable that can strengthen the relationship between financial inclusion and MSME development. The research method used is a quantitative approach with a survey technique on 350 MSME actors spread across various regions in Indonesia. Data analysis was carried out using multiple linear regression and moderated regression analysis (MRA). The results of the study indicate that financial inclusion and financial literacy have a positive and significant effect on the development of MSMEs. In addition, financial literacy has succeeded in strengthening the influence of financial inclusion on the development of MSMEs, which means that MSME actors with a better level of financial literacy are able to utilize access to financial services more optimally. The coefficient of determination (R²) value of 0.635 indicates that 63.5% of the variability in MSME development can be explained by financial inclusion and financial literacy. The implications of this study underline the importance of increasing access to formal financial services for MSMEs and providing effective financial literacy programs. Synergy between the government, financial institutions, fintech, and educational institutions needs to be improved to strengthen financial literacy and facilitate access to formal financial services. Further research is expected to examine other variables that have the potential to influence MSME development and evaluate the effectiveness of financial literacy programs that have been implemented.