Record Detail

The rise of two Asian powers both in East and West, in this case Indonesia and Turkey is an inevitable necessity. These two forces have inspired many emerging forces to penetrate the same two forces. Inter-relations between Turkey and Indonesia in a way can be seen from the same comparison of indicators for two different countries. Some of the main indicators of comparison in both countries are the rate of growth per capita, the ratio of debt to GDP as well as the rate of population growth in both countries.

Today the rise of Asia is recognized as a global phenomenon that has inspired many countries in the world, especially the country that is now referred to as an advanced country (advanced countries) at the end of the 20th century. Based on the long history of the past, the rise of Asia is a repetition of the rise of past history that has indeed led to the emergence of the glory of Asian nations in the midst of world society. India, China, Mongolia and Nusantara are the best examples that illustrate the glorious history of Asian nations into the superpowers of the past. If we look at the past, the kingdom of the archipelago, which was a large kingdom in the 14th century and has the same territory as the East Asian territories today.

The vastness of the Nusantara kingdom stretches between Thailand and Cambodia, Malaysia, Indonesia and the Philippines (ASEAN) including the territory of Timor Leste at this time. The golden age of the Nusantara kingdom was recorded in the history of the nations considering its vast territory and strategic position between 2 large oceans, in this case the Pacific and Indian Oceans, and 2 major continents, Asia and Australia. It seems that the golden age will be repeated at this time, where countries in the region are stretching in terms of economy, trade and politics. (Shekkar, 2014)

Research results from this dissertation can be used as a reference for decision makers or management of companies that have gone public to consider management policies that will be decided. The current management decision will determine the company's sustainability in the future, bearing in mind the awareness of the business community about the importance of running the management wheel in a Fair, Transparent, Independent and Accountable manner.
All of these are the basic policies of the sharia economy which underlines the implementation of the capital market in Indonesia, regionally and globally.

This study also provides a good understanding of the future of the Indonesian, regional and world capital markets in accordance with the rules and protocols of good governance that are applied globally. Furthermore, the results of this study can be input for regulators in order to make Indonesia and Turkey as the center of world Islamic trade and finance.

This study uses time series data from both countries in this case Turkey and Indonesia. then processed using the VAR (Vector Autoregressive) methodology.