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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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