The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 154 |
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competition among themselves resulting in agreements with
unfavorable terms for them and opened opportunity to foreign
electrical manufacturers to flow into the Japanese market.
An interesting development in this field is worth
mentioning. A public corporation created for administering
this program borrowed about forty million dollars from
the World Bank and the money thus borrowed was spent
exclusively for importing four heat-engine power generators,
through 11 string" or otherwise, from General Electric and
Westinghouse. The said four Zaibatsu manufacturers were in
a sort of dilemma at this because they benefited greatly by
their technical agreements with General Electric or Westinghouse
in connection with the governmental electrification
program and at the same time had their market encroached
upon by the same foreign manufacturers. Some of them at
that time joined the campaign against such a transaction,
but the others refrained from any explicit objection to
it. 13 Here one may observe the germ of a problem existing
between recovering Zaibatsus and foreign capital, namely,
that although the Zaibatsus recovery owes much to their
association with foreign businesses, conflict of interests
between them is presenting itself more and more clearly
13Ibid.. p. 201.
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| Title | The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 154 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | ikb competition among themselves resulting in agreements with unfavorable terms for them and opened opportunity to foreign electrical manufacturers to flow into the Japanese market. An interesting development in this field is worth mentioning. A public corporation created for administering this program borrowed about forty million dollars from the World Bank and the money thus borrowed was spent exclusively for importing four heat-engine power generators, through 11 string" or otherwise, from General Electric and Westinghouse. The said four Zaibatsu manufacturers were in a sort of dilemma at this because they benefited greatly by their technical agreements with General Electric or Westinghouse in connection with the governmental electrification program and at the same time had their market encroached upon by the same foreign manufacturers. Some of them at that time joined the campaign against such a transaction, but the others refrained from any explicit objection to it. 13 Here one may observe the germ of a problem existing between recovering Zaibatsus and foreign capital, namely, that although the Zaibatsus recovery owes much to their association with foreign businesses, conflict of interests between them is presenting itself more and more clearly 13Ibid.. p. 201. |
