Natural Resources versus Human Resources

1
Natural Resourcesversus Human Resources
June 6, 2007

• Makoto Utsumi

President and CEO Japan Credit Rating Agency, Ltd.
2
Market Economy in 1990

• U.S.A Canada
• Western Europe
• Japan and some Asian Tigers

• The Market Economy embraces 5
  billion population

(a hypothesis)
High commodity prices
3
Education in Edo Period( )
1603
- 1876
Terako ya

• to read and to write
• ethics
• family value
• loyalty to the entities to which one belongs
• capacity building

(small-scale private schools)
15,000 20,000 all over the country
Meiji Restoration 1867
The modern Education System promulgated in 1973
4
Elementary Schools
5
The Secondary and the
Higher Education

• Professors and Experts invited
• - from the U.S.A. and Europe
• - covering all fields in Western civilizations
  and culture

Those cost
4 - 5 of the total budget of each Ministry
(more than 50 in the case of the Ministry of
Industry)
6
A Development Model
Capacity building of the next generations
Japanese young Elites enlightened
Foreign Professors and Experts
7
Golden Triangle
Loyalty to the company to
which one belongs
In-house Capacity Building
Long-term Employment