Natural resources versus human resources
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Natural Resources versus Human Resources PowerPoint PPT Presentation


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June 6, 2007. Natural Resources versus Human Resources. Makoto Utsumi. President and CEO Japan Credit Rating Agency, Ltd. The Market Economy embraces 5 billion population. U.S.A & Canada Western Europe Japan and some Asian Tigers. Market Economy in 1990.

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Natural Resources versus Human Resources

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June 6, 2007

Natural Resourcesversus Human Resources

Makoto Utsumi

President and CEO

Japan Credit Rating Agency, Ltd.


The Market Economy embraces 5 billion population

U.S.A & Canada

Western Europe

Japan and some Asian Tigers

Market Economy in 1990

(a hypothesis)

High commodity prices


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


Elementary Schools


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)


A Development Model

Capacity building of the next generations

Japanese young Elites enlightened

Foreign Professors and Experts


Golden Triangle

Loyalty to the company to which one belongs

In-house Capacity Building

Long-term Employment


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