COMPARATIVE ANALYSIS OF GREEN ECONOMY APPROACHES IN MALAYSIA AND INDONESIA

Resumen

Malaysia and Indonesia are now the largest centers of green production in the region of Southeast Asia. They both attract huge flows of investments in this area, including such industries as the production of electric vehicles and solar energy equipment. In this paper, the authors analyze how approaches to the elaboration and implementation of green economy policy are arranged in each of these countries, highlighting its similarities and differences. When conducting the research, the authors take into account various factors, such as the type of political system, the type of the economy, legislative initiatives, participation in international initiatives, natural conditions, the level of social development, etc. The authors explore what principles Malaysia and Indonesia observe in the organization of the green economy sector and how they are building a policy of attracting investment in this sector. Here, the authors also emphasize the advantages that Malaysia and Indonesia have over other states of Southeast Asia. The authors pay the greatest attention to investment relations with the closest neighbors of these countries in the region. At the conclusion of the paper, the authors examine the successes achieved by each of the two countries, explain the origin of these achievements and give a forecast of the further development of the green economy in these countries.