1. Natural Resources versus Human Resources
June 6, 2007
Natural Resources versus Human Resources
Makoto Utsumi
President and CEO
Japan Credit Rating Agency, Ltd.

2. The Market Economy embraces 5 billion population
Market Economy in 1990
U.S.A & Canada
Western Europe
Japan and some Asian Tigers
The Market Economy embraces 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 Year Ratios of attendance in total school age boys
girls
1874
46.17%
17.23%
(Compulsory Education introduced in 1888)
1895
76.65%
43.87%
1900
90.35%
71.73%
1905
97.72%
93.34%

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