depend very much on the assistance by the rich countries, i.e. Official Develop
ment As-sistance, ODA. And as far as I know, ODA is very restricted where the d
eveloping coun- ries are not being given free use and also what is called uphol
ding their right to see the proper perspective of how to tackle the problem in
their own country. This depends very much on the fact that everything is very m
uch interrelated, development and organization, etc., all depends on assistance
. This is what we have seen before.
Chairman:
Professor Kuroda:
I cannot give any definite answer or comment, because each country is in
a diff erent situation, it varies from country to country, and especially
regarding cu lture and tradition.
There is only one point in which I have much interest, and that is about the so
-called in-formal sector in big cities that many countries are suffering from.
I think this is very im-portant. Our experience in this connection is that when
ever I go to Indonesia, Jakarta, Bangkok, and my impression is that I find that
the so-called informal sector and is a very important issue because they are c
ertainly a very special labor force, an asset. How to use them? My impression i
s that the so-called informal sector and the formal sector seem to be heading s
eparate ways. I think about how to link these in terms of labor utilization. Pe
ople from the informal sector should be utilized, absorbed and incorporated int
o the formal sector, too.
In that sense, I think about the elderly people in Japan, the older people. We
are sure that the young labor force is decreasing, and on the other hand the el
derly population is in-creaslng. So how to utilize the elderly who are active,
experienced, and have worked for so many years'? The so-called informal sector
consists of mostly young people, a very important labor force. How can we bring
the two together, incorporating the informal sector into the formal sector? I t
alk with people who are concerned with this kind of problem, how do they feel a
bout it? I feel that it must be incorporated. There is so-called voluntary educ
ation and so on, which is not so much different, not costly, and very easy. On
the other hand the human resources must be utilized much more.
Chairman:
Thank you very much. Professor Kuroda. It is just about time to close the
morni ng ses-slon.
