Adaptive Governance in Investment Management Policy in Makassar City

Abstract

Investment in Makassar City has increased in recent years, but still needs to be improved. In order to encourage increased investment, adaptive capacity is needed from the government, society and private sector as the main pillars in the governance perspective. The research method used in this study is a qualitative study. The study was conducted in Makassar City. Data sources consist of primary and secondary data, where primary data is obtained from Focus Group Discussion, in-depth interviews and secondary data is obtained from documentation activities. Data analysis techniques include data collection activities, data reduction, data presentation and drawing conclusions. The results of the study found that the Makassar City Government has demonstrated adaptive capacity by increasing human resource capacity and creating various digitalization-based innovations to facilitate the investment licensing process and implement green and sustainable investment. The Makassar City Government formed the Investment Council as a polycentric institution that plays an important role in investment planning, management and evaluation. Social learning in the investment management policy in Makassar City shows that socialization and education to business actors are less effective and are implemented in a limited manner. Bridging organization in the investment management policy in Makassar City shows that DPMPTSP has carried out its duties in facilitating and bridging investment licensing with related technical OPDs. Multilevel networks in the investment management policy in Makassar City show that the government is actively promoting investment in various forums and seeking investors, both domestic and foreign, but not optimally because investors often expect legal certainty, regulatory stability, investment incentives, security and social stability and a fast bureaucratic process.