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Dunning’s proposed model was preceded by Stephen Hymer’s (1960) application of industrial organization economics to the study of international trade and investment, and Ray Vernon’s (1966) definition of an international product lifecycle, both critical steps for IBS away from macro-economic trade theory.
- Stephen Tallman
- 2003
Abstract. John Dunning’s Eclectic Model, introduced in 1976 (Dunning, 1977) and refined by him several times since then (1988, 1993), is a key contribution to the separation of international business studies (IBS) from international economics and trade theory and to the development of global strategy. Dunning’s proposed model was preceded ...
- Stephen Tallman
- 2003
J.H. Dunning / International Business Review 9 (2000) 163–190 165 or efficiency seekingfdi. This type of fdi, though related to the first or second kind, is usually sequential to it. 4. That designed to protect or augment the existing O specific advantages of the investing firms and/or to reduce those of their competitors, i.e. strategic ...
- 126KB
- 28
Sep 15, 2020 · the investment development path (Dunning, 1981; Dunning and Narula, 1996), arguing that it could be applied to manufacturing and also to services and natural resource industries.
Jul 1, 2001 · This article describes the origins, and traces the subsequent evolution of the eclectic paradigm from the mid-1950s to the present day. It does so in the light of the changing characteristics of MNE activity and of the global economic scenario. The article concludes by asserting that the eclectic paradigm still remains a powerful and robust framework for examining contextual specific theories ...
Sep 1, 2017 · OLI (Ownership, Location, Internalization) Paradigm or Eclectic Paradigm developed by John Dunning provides a holistic framework to identify and evaluate the significance factors influencing foreign production by enterprises and the growth of foreign production. The idea of OLI was first conceived, by Prof. Dunning, after witnessing 2 to 5 time’s higher labour productivity of US ...
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John H. Dunning I INTRODUCTION This chapter explores the proposition that a country's international direct investment position, and changes in that position, may be usefully explained by the eclectic theory of international production. Using data on the direct investment flows (or changes in the direct
