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The fable of the birth of the Japanese automobile industry: A reconsideration of the Toyoda-Platt agreement of 1929

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  • Kazuo Wada

Abstract

In discussing the birth of the Japanese automobile industry, most researchers and journalists put the Toyota Motor Corporation and the Toyoda-Platt Agreement at centre-stage. It has been widely asserted that the one million yen (¥100,000) that was received as a result of the Agreement provided Kiichiro Toyoda with the means to begin his research on the automobile. But the historical evidence does not support this legendary story, and in many ways contradicts it. This article aims to set the historical record straight.

Suggested Citation

  • Kazuo Wada, 2006. "The fable of the birth of the Japanese automobile industry: A reconsideration of the Toyoda-Platt agreement of 1929," Business History, Taylor & Francis Journals, vol. 48(1), pages 90-118.
    • Handle: RePEc:taf:bushst:v:48:y:2006:i:1:p:90-118
    DOI: 10.1080/00076790500204768
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    Cited by:

    1. Nicholas, Tom, 2011. "The origins of Japanese technological modernization," Explorations in Economic History, Elsevier, vol. 48(2), pages 272-291, April.
    2. William Lazonick, 2008. "Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies," WIDER Working Paper Series DP2008-01, World Institute for Development Economic Research (UNU-WIDER).

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