Excerpted from an article by Hwang Si-young on 8 May 2007 in The Korea Herald
Concluding questions by NWI. Comments and insight are sought.
“Korea’s human resources development lags far behind that of other advanced economies, data revealed yesterday. . . . According to a Finance Ministry report, Korea came in 17th in terms of human resources development, with a 0.36 score out of 1. The figure is far below the average 0.53 of 21 countries in the Organization for Economic Development and Cooperation.
“The survey covered five areas of social development, including economic development, labor market development, distribution, macroeconomic stability and human resources development. A group of researchers led by Yonsei University professor Yang Jae-jin tallied the figures and analyzed them for the report titled “A preliminary study on the Korean model of social investment state.”
“By country, New Zealand took the top slot in human resources development with 0.87 out of 1, followed by Sweden at 0.84, Finland at 0.78 and Denmark at 0.74. Trailing behind Korea were Italy (0.33), Ireland (0.32), Portugal (0.22) and Greece (0.07). Further, Korea came 10th-worst in terms of distribution system among the 21 OECD member countries surveyed, according to the data. The country received 0.42, below the average 0.51.”
Questions:
- How does a country’s human resources development drive its economy?
- What is the economic value of one-tenth of a point of human resources development?
- Is human resources development pursued in absolute terms in each country?
- Within all components of social development, including economic development, labor market
- development, distribution, macroeconomic stability and human resources development, is any single
- area of premium importance?
- Might a deficiency in one area be mitigated through strength in other or combination of others?
- Might countries align themselves to amplify each other strengths or lessen their weaknesses?
- Might a lagging area of development be a strength?
- Might a robust development expose weaknesses?
- What are the opportunities in each countries strengths and weaknesses of development?
- NWI staff
“Finding New Business from Open-source Intelligence”


