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The Role of Government and Financial Sector on Economic Growth: Case Study in Food Security

In: Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024)

Author

Listed:
  • Bertha Mariana Silalahi

    (University of Trisakti, Faculty of Economics and Business)

  • Muhammad Zilal Hamzah

    (University of Trisakti, Faculty of Economics and Business)

  • Rinaldi Rustam

    (University of Trisakti, Faculty of Economics and Business)

Abstract

Regional development aims to improve the welfare and standard of living of the community to achieve regional independence and equitable progress throughout the region. For this reason, it is necessary to mitigate the food crisis in a resilient and sustainable manner to anticipate this condition. This research examines how stakeholders, especially the financial sector in North Sumatra, contribute to efforts to increase food security. Specifically, this research analyzes the role of the central government, regional government, regional authorities, financial industry, individuals/private parties and others in carrying out their duties and responsibilities for creating food sovereignty. The research focuses on a qualitative approach that analyzes the influence and ability of financial access in increasing economic growth. The qualitative methods of analysis by using NVIVO, prove the identification of the basic sector, namely indicators of the success of the real sector and the financial sector which can synergy to achieve the goal of food sovereignty in question. Regional stakeholders are obliged to commit, including building human resources, integrated systems and policies to prevent the severe impact of the food crisis on regional communities’ lives.

Suggested Citation

  • Bertha Mariana Silalahi & Muhammad Zilal Hamzah & Rinaldi Rustam, 2024. "The Role of Government and Financial Sector on Economic Growth: Case Study in Food Security," Advances in Economics, Business and Management Research, in: Suhal Kusairi & Forget Mingiri Kapingura & Putri Fariska Sugestie & Nizam Ahmat (ed.), Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024), pages 214-238, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-558-4_13
    DOI: 10.2991/978-94-6463-558-4_13
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