Natural resources versus human resources
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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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Natural resources versus human resources

June 6, 2007

Natural Resourcesversus Human Resources

Makoto Utsumi

President and CEO

Japan Credit Rating Agency, Ltd.


Market economy in 1990

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

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

Elementary Schools


The secondary and the higher education

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

A Development Model

Capacity building of the next generations

Japanese young Elites enlightened

Foreign Professors and Experts


Golden triangle

Golden Triangle

Loyalty to the company to which one belongs

In-house Capacity Building

Long-term Employment


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