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Write
a precis of the following passage in about
one third of its length and suggest a suitable
title.
We
know for certain that it is the 'human capital'
that ultimately makes the difference, both
in the case of an enterprise and a nation.
The new economic superpowers of today, Japan,
Germany, South Korea and Taiwan, amply testify
the thesis that it is not the machine or technology
that takes you to the heights, but it is primarily
the manpower that decides the fate of a nation.
Most of these nations are not rich in natural
resources and have faced political turmoils.
But inspite of these problems they have achieved
economic affluence ina relatively short period.
There are chiefly two reasons for this miracle.
Firstly, these countries have focussed on
the development of their human resources as
a matter of national priority, and secondly
they have kept their economic processes free
from political pressure of influences. These
countries present an ideal before the developing
world of today. Human resources with high
levels of education and skills constitute
there major distinguishing asset. They have
largely succeeded in overcoming the intractable
problems of poverty, illiteracy, hunger-unemployment,
inflation and population growth, the problems
that afflict not only India but also Asian
nations. We have groped in the dark during
the last fifty years for finding some solution
to those problems but have miserably failed.
Japan and Germany, after their destruction
in the second world war, reconstructed their
national economics within two decades and
moved forward achieving the highest level
of per capita income in the world. But the
examples of South Korea and Taiwan are more
relevant in our context, in the early sixties,
they too were bracketed with India and belonged
to the same league of poor nations of the
third world. Yet today, their per capita income
range somewhere between 6,000 and 8,000 US
dollars, from a mere 80 US dollars two or
three decades back, while India still hovers
around 350 US dollars. What are the reasons
for their phenomenal rise or conversely, ours
such a pitiable performance? India is rich
in natural resources. We cannot complain on
that count. And Indians! They are talented
and have achieved a lot, working in different
parts of world. However, despite these positive
factors, we have failed to tackle our chronic
problems of population growth, poverty, unemployment,
inflation, illiteracy and corruption. Our
cities are the most polluted in the world
today and we are not able to do much. A country
of 950 million people cannot produce one gold
medal at the Olympics. What ails this 'great'
nation? There maybe many causes for our gigantic
failure, as the studies of our economists
and social scientists would reveal. But our
failure can primarily be attributed to our
failure in developing and exploiting our most
plentiful and valuable resource - human capital.
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