When COVID-19 hit all the Asian countries, Indonesia issued various laws and regulations. This study investigates these laws that do not improve the country’s ability to increase its adaptive structuration and foresight-oriented investment. It analyzes all the new laws, which should be based on the requirements of both concepts. It considers that all the laws are intended to defend the Government of Indonesia’s economic performance (GoI). It means that all the established regulations were built on the premise that they only focused on national economic preservation, especially economic growth. In other words, this study stated that the absence of regulations containing adaptive restructuration and foresight-oriented investment would decrease the state’s agility. This absence potentially impacts Indonesia to zcategorize the future as the state’s political failure. It shows evidence that Indonesia could not enforce and empower its structural potential. This study indicates that Indonesia made no foresight-oriented investment to cover the disbursed costs due to the COVID-19 pandemic. Future policies should be improved by including growth opportunities to enhance Indonesia’s agility. This agility could finally be achieved when all the laws issued by the GoI do not contain the praxis.

For this, the primary aim of this study was to analyze of the impact of cultural accessibility and ICT (information and communication technology) infrastructure on economic growth in Kazakhstan, employing regression models to asses a single country data from 2008 to 2022. The research focuses on two sets of variables: cultural development variables (e.g., number of theaters, museums, and others) and ICT infrastructure variables (e.g., number of fixed Internet subscribers, total costs of ICT, and others). Principal component analysis (PCA) as employed to reduce the dimensionality of the data and identify the most significant predictors for the regression models. The findings indicate that in the cultural development model (Model 1), the number of recreational parks and students are significant positive predictors of GDP per capita. In the ICT infrastructure model (Model 2), ICT costs are found to have a significant positive impact on GDP per capita. Conversely, traditional connectivity indicators, such as the number of fixed telephone lines, show a low dependence on economic growth, suggesting diminishing returns on investment in these outdated forms of ICT. These results suggest that investments in cultural and ICT infrastructure are crucial for economic development. The study provides valuable insights for policymakers, emphasizing the need for quality improvements in education and strategic modernization of communication technologies.

This study explores the impact of environmental degradation on public debt in the largest Southeast Asian (ASEAN-5) countries. Prior research has not examined environmental degradation as a possible determinant of public debt in the ASEAN region. As such, the primary objective is to examine key determinants of public debt, notably economic growth, trade openness, investment, and environmental degradation. Utilizing the Fully Modified Ordinary Least Squares (FMOLS) method and data from 1996 to 2021, the study reveals a negative correlation between investment and public debt. Conversely, a positive relationship exists between economic growth, environmental degradation, and public debt levels. These findings hold significant implications for policymakers seeking to craft effective economic and environmental strategies to ensure sustainable development in the ASEAN-5 region. Stronger economic growth can drive up public debt. Importantly, the study highlights the importance of tailored approaches, considering each country’s unique fiscal and developmental characteristics. Applying the Two-Gap Model enhances the understanding of these complex dynamics in shaping public debt and its relationship with environmental factors.