Paradigm Shift of Economic Law in the Era of New Leadership: Seeking Balance Between Economic Growth and Social Justice

Abstract

This article examines the paradigm shift in economic law in the era of new political leadership, focusing on achieving a balance between economic growth and social justice. With the increasing globalization and digital transformation impacting economic policies worldwide, the role of law as a regulatory and facilitative tool is critical. This study employs a qualitative research methodology based on literature review and library research to analyze key legal and economic frameworks shaping current and prospective policy directions. The research identifies fundamental elements that have driven recent legal reforms and policy adaptations, particularly in terms of promoting inclusive growth, reducing inequality, and protecting the environment. By drawing on theoretical and empirical sources, the study reveals how new leadership approaches economic growth with a dual emphasis on competitiveness and social equity. Findings highlight a growing emphasis on socio-economic rights and the integration of sustainability and equity principles in economic law. These results suggest that balancing economic expansion with social justice requires an innovative legal approach, ensuring that economic growth does not exacerbate inequality but instead fosters broader societal benefits. This study provides insights into the evolving relationship between law and economics, offering a framework for policymakers to achieve equitable and sustainable growth.