Author(s): Budi Endarto, Taufiqurrahman, Wahyu Kurniawan,Dwi Elok Indriastuty, Indra Prasetyo, Nabilah Aliyyah, Esa Wahyu EndartiSuwarno Abadi, Nuriyanto A Daim, Joko Ismono, Rihantoro Bayu Aji, Rusdiyanto, Nawang Kalbuana
Objective: This paper aims to analyze the development of capital market law in a global perspective.
Design/methodology/approach: The type of research used in research is normative legal research, with statute approach, conceptual approach, and philosophical approach. The legal theories used in this study are the Theory of Economic Law of Development, and the Theory of Convergence.
Findings: The results of the research show that in the global era, capital market law development is required through harmonization between national law and universally applicable legal principles as developed by the WTO.
Practical Implications: The results of the study are recommended that in harmonizing the capital market law, it should still refer to the concept of economic democracy mandated in the constitution, namely not to ignore the goals and national interests, and to realize the democratization of ownership as an effort to equalize people's income.
Originality: The approach used in previous researchers was conceptual approach, and philosophical approach, in this study using the approach used that combines statute approach, conceptual approach, and philosophical approach.