The 1930s: Failure in Export-Oriented Development and Conservative Attitudes Towards Further Expansion

  • Chikayoshi Nomura
Part of the Studies in Economic History book series (SEH)


The previous chapters have showed how the Tata Iron and Steel Company (TISCO) made every attempt to resolve the nagging problem of low labour productivity from the 1910s on, the most important of which were institutional reforms and internal financing during the 1910s and switching to a direct labour management system during the 1920s, all enabling TISCO to raise labour productivity and competitiveness on the domestic market beginning in the mid-1920s, as shown by the total factor productivity (TFP) figures in Table  1.1.


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© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.Graduate School of Literature and Human SciencesOsaka City UniversityOsakaJapan

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