Indonesia's Economic Revolution Unveiled: Secrets to Prosperity - Prof. Iwan Jaya Azis | Guest

In this video, Professor Iwan Jaya Azis from Cornell University discusses the complexities of macroeconomics in Indonesia and its impact on poverty reduction and human capital development. He emphasizes the need for economics education to adapt to social changes and update curricula to prepare the younger generation for the evolving market. Professor Ian Jaya also highlights the importance of considering not only education and skills but also health in human capital development. He emphasizes the significance of lifestyle, tradition, and family dynamics in achieving holistic human capital. Additionally, he challenges the reliance on indicators like GDP, suggesting that economists should observe real-life situations and the direct impact on people's lives. This video provides valuable insights into the multifaceted nature of economics and the importance of considering social factors in analysis.
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His elaboration on economy is too abstract and superficial. He even never allude inflation [hyperinflation) as an inevitable event through history as the direct effect of currency debasement. They way to advocate young generations to be able to benefit from the economic boost is rather delusional.