^What's New <Index <Discussion cover
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The Quest for the 21st Century University
The Need for a New Approach to University Education


Sorimachi
The Ministry of Education appears somewhat flexible in relaxing the standards on the establishment of universities today. Does this mean that we will be seeing some individual characteristics at each university?
    Tezuka
    Yes, law schools and business schools will admit candidates without an undergraduate degree. Applicants with high school degrees and those with foreign degrees will also be qualified. The same concept will be applied to hiring faculty members. We are now debating whether or not to employ some practitioners, and if we do, what will be the standards by which selection will be made.
Sorimachi
What is Chiba University doing along these lines?
    Tezuka
    We have already embarked upon a new course of reform. In our university, law and economics are taught under one department. In terms of graduate program reform, we intend to make changes so as to be able to train students as candidates for practical professionals.
Sorimachi
What do you think our time looks for in a university education?
    Tezuka
    In Japan, the university has always followed whatever the government has initiated. Take economic internationalization, for instance: the government has reluctantly opened markets and adopted international practices, bending to foreign pressure, and the university adjusted itself to accommodate what the government reluctantly approved. But we should have been able to foresee world trends ourselves, demonstrated our views and taken the initiative ahead of the government.
Sorimachi
Don't you think a new educational approach is in demand in the field of finance as well?
    Tezuka
    In Japan, many banks, security firms and insurance companies have failed to operate successfully on their own and are being subsidized by tax money. Yet, the global business environment is much more competitive and Japanese firms are ineluctably exposed to the same tough competition as other world corporations. In Europe and America, there is an enormous population of professionals who have been trained as analysts and traders. Every year, more and more of these capable individuals come out of universities and less than half of them obtain decent jobs. This is the demand and supply situation for capable college graduates at present. Yet, in Japan, we have not trained our graduates to a level where they can even begin to compete neck- to- neck internationally.

    In the midst of the 'bubble economy,' Japanese companies were able to invest millions of yen in each new recruit, in order to train him to a professional level, even sending him abroad to American institutions of higher education and other organizations, although I am not sure if each them has been able to give the appropriate results back to his company, especially those now subject to company restructuring.

    Also, foreign based financial institutions operating in Japan are moving into electronic commerce operations through the Internet and other means, so Japanese companies are being exposed to an even tougher competitive environment.
Sorimachi
The new graduate programs will be required to supplement the weak points which have resulted from our undergraduate programs, won't they?
    Tezuka
    We would like to develop a graduate program that could produce capable micro- econometrics specialists, so we must have professionals and international business experts as faculty.

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