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Abstract
Indonesia is rich with natural resources, which attract investors. However, it has not impacted an insufficient level of prosperity, as shown by a low level of education and income per capita. The study aims to determine the effect of investment as measured by Global Competitive Index (GCI) as the independent variable, Human Development Index (HDI) as the dependent variable on prosperity, and Gross Domestic Product (GDP) as an intervening variable to measure economic development. The research used a descriptive quantitative framework, supported by data from books, journals, and other online sources. The data were analyzed with a linear regression statistical model using SPSS.25. The results indicate that investment has no significant direct effect on prosperity, yet, it has a significant indirect effect on prosperity through economic development. The current imbalance in economic and education progress illustrates that today's development is against Islamic principles, e.g., divinity, justice, and sustainability. These principles are the keys to solving the problem of prosperity in Indonesia. Thus, to increase prosperity, the government needs to increase public access to economic development by improving education and health facilities, especially in rural areas, and the independence of the people to manage the country's wealth.
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References
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References
Arsyad, L. (2010). Ekonomi pembangunan. Yogyakarta: UPP STIM YKPN.
Badan Koordinator Penanaman Modal. (2019). Tahun 2019, Pemerintah Fokus pada Investasi dan Ekspor. Retrieved from www.bkpm.go.id: https://www.bkpm.go.id/id/publikasi/detail/berita/tahun-2019-pemerintah-fokus-pada-investasi-dan-ekspor
Badan Pusat Statistik. (2019, 11). Katalog BPS. Retrieved from www.bps.go.id: https://www.bps.go.id/publication/download.html?nrbvfeve
Badan Pusat Statistik. (2020). www.bps.go.id. Retrieved from produk-domestik-bruto--pengeluaran: https://www.bps.go.id/subject/169/produk-domestik-bruto--pengeluaran-.html
Badan Pusat Statistik. (2021). indeks-pembangunan-manusia. Retrieved from www.bps.go.id: https://www.bps.go.id/subject/26/indeks-pembangunan-manusia.html
Bapenas. (2009). Pokok-pokok Penyelenggaraan Pembangunan Indonesia. Retrieved from www.bapenas.go.id: https://www.bappenas.go.id/files/3413/4986/1934/info__20091015133401__2370__0.pdf
Bappenas. (2019, Agustus). Perkembangan Perekonomian Indonesia dan Dunia TW II 2019. Retrieved from bappenas.go.id: https://www.bappenas.go.id/files/6315/6800/1978/Laporan_Perkembangan_Ekonomi_Indonesia_dan_Dunia_TW_II_2019.pdf
Bucher, S. (2018). The Global Competitive Indx As an Indicator of Sustainable Development . Springer Link.
Firdaus Jufrida, d. (2016). Analisis Pengaruh Investasi Asing Langsung (Fdi) Dan Investasi Dalam Negeri Terhadap Pertumbuhan Ekonomi Indonesia. Jurnal Perspektif Ekonomi Darussalam, Volume 2 Nomor 1, 54-68.
Kemenristek. (2020, mei). Laporan Hasil Pemetaan Indeks Daya Saing Daerah Se-Indonesia. Retrieved from indeks.inovasi.ristekbrin.go.id: https://indeks.inovasi.ristekbrin.go.id/
Khodabakhshi, A. (2011). Relationship between GDP and Human Development Indices in India. International Journal of Trade, Economics and Finance, Vol. 2, No. 3, June 2011, 251-253.
KOMINFO. (2015, 9 18). Paket Kebijakan Ekonomi. Retrieved from kominfo.go.id: https://kominfo.go.id/index.php/content/detail/5971/Paket+Kebijakan+Ekonomi/0/berita
Murphy.et.al, R. P. (2014). Economic Principles for Prosperity. Canada: Fraser Institue.
Porter, M. (1990). The Competitive Advantage of Nations. Newyork: Free Press.
R. Abdul Maqin, I. S. (2017). The Relationship of Economic Growth with Human Development and Electricity Consumption in Indonesia. International journal of energy economics and policy, Vol.7, 201-207.
Rajagukguk, W. (2016). Daya Saing (Competitiveness) Mendorong Pertumbuhan Ekonomi Sebuah Negara Studi Kasus Negara Berkembang. Retrieved from www.researchgate.net: https://www.researchgate.net/profile/Wilson_Rajagukguk5/publication
Rudiger Dornbursch, et.al (2011). Macroeconomics. Eleventh Edition. Newyork: McGraw-Hill Irwin.
Sulistiawati, R. (2012). Pengaruh Investasi terhadap Pertumbuhan Ekonomi dan Penyerapan Tenaga Kerja Serta Kesejahteraan Masyarakat di Provinsi di Indonesia. Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK) Universitas Tanjung Pura Vol. 3, No. 1, 29-50.
Suntana, I. (2009). Politik Ekonomi Islam. Bandung: Pustaka Setia.
Tamilla Curtis, e. (2013). Effects of Global Competitiveness, Human Development, and Corruption on Inward Foreign Direct Investment. St. John’s University, College of Business Administration 1-67.
Todaro, P. M. (2000). Pembangunan ekonomi di dunia ketiga. Jakarta: Penerbit Erlangga.
Young, K. E. (2020). Gulf Financial Aid and Direct Investment Tracking The Implications Of State.
Stable URL: https://www.jstor.org/stable/resrep26684: American Enterprise Institute, 69-105
Adyatama, E. (2019, 10 10). Survei: 1 Persen Orang Kaya RI Kuasai 50 Persen Aset Nasional. Retrieved from bisnis.tempo.co: https://bisnis.tempo.co/read/1257730/survei-1-persen-orang-kaya-ri-kuasai-50-persen-aset-nasional
Citradi, T. (2020, Februari 27). IPM RI Naik, Tapi Masih Kalah Sama Tetangga. Retrieved from www.cnbcindonesia.com: https://www.cnbcindonesia.com/news/20200217142358-4-138395/ipm-ri-naik-tapi-masih-kalah-sama-tetangga
Gatra. (2019). Investasi Di Indonesia Masih Didominasi Asing. Jakarta: gatra.com.
Intan, N. (2019, 09 29). Perang Dagang Sudah Berdampak Pada Investasi Indonesia. Retrieved from republika.co.id: https://republika.co.id/berita/pyktvy383/bi-perang-dagang-sudah-berdampak-pada-investasi-indonesia
Kurnia, A. M. (2019, 12 9). Efek Domino Perang Dagang Amerika Serikat - China Ke Ekonomi Indonesia. Retrieved from kompas.com: https://money.kompas.com/read/2019/12/09/122621926/efek-domino-perang-dagang-as-china-ke-ekonomi-indonesia?page=all
Putra, I. P. (2020, 07 15). 4,3 Juta Siswa Putus Sekolah di tahun 2019. Retrieved from medcom.id: https://www.medcom.id/pendidikan/news-pendidikan/9K50Pl3k-4-3-juta-siswa-putus-sekolah-di-2019.
Putri, A. S. (2020, Mei 27). Potensi dan Upaya Indonesia Menjadi Negara Maju. Retrieved from www.komps.com: https://www.kompas.com/skola/read/2020/05/27/170000669/potensi-dan-upaya-indonesia-menjadi-negara-maju?page=all#page2