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Natural Resources versus Human Resources

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

  2. 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

  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

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