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On 26 March 1979, thru Presidential Decree No. 10/1979, the Agency for Development, Education, Implementation of Guidelines for the Appreciation and Practice of Pancasila (Badan Pembinaan Pendidikan Pelaksanaan Pedoman Penghayatan dan Pengamalan Pancasila, BP-7) was founded by Suharto administration to futher develop Pancasila as national ideology.
The university was declared on 28 October 1966, following the merger of the older Pancasila University which was itself founded in 1963 and the Bung Karno University which was founded in 1964 [1] (not to be mistaken with another identically named university founded in 1999), partially due to the pressure from the Suharto government against symbolism of the former president.
Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1] The term "Pancasila economy" first appeared in an article by Emil Salim in 1967. [2]
Pañcasīla, derived from Pali or Sanskrit pañca (five) and sīla (principles), spelt Panchsheel in modern Indian languages, may refer to: . Five precepts, the basic form of Buddhist precepts