After this journal published, dunning eclectic paradigm becomes the most influential theory in research of foreign direct investment (fdi) and multinational (mne) it is used comprehensively to analysis the motivation and advantages of mne in term of fdi. Dunning's eclectic approach seems to go further than the theories of previous authors in the aspect of fdi it not only links the micro and macro elements together but also involves the explanation of international trade and international production within the same theory. Internalization theory and the eclectic paradigm have been refined over the last 40 years to become the bedrock explanations of multinational enterprise activity the founder members of the reading school were john harry dunning (1926-2009), peter buckley , mark casson , robert pearce  and john cantwell [13. The multinational business review 2 reconciling internalization theory and the eclectic paradigm du n n i n g 's e c l e c t i c pa r a d i g m the eclectic paradigm has been developed by john dunning in a series.
The importance of dunning's extensive work, carried out over fifty years of academic life, and of his contributions, is evident in current references to his earlier work (dunning, 1958, 1972, 1973, 1977) on the eclectic paradigm and on the rationale of multinational enterprises and their investments abroad (dunning, 1981b, 2000. During the last two decades greece has emerged as a key regional player and one of the largest investors in the central and eastern and south-eastern european countries (cesee) [bastian, j (2004. The eclectic paradigm as an envelope for economic and business theories of mne activity john h dunning reading university, uk and rutgers university, usa abstract this paper updates some of the author's thinking on the eclectic paradigm of international production, and relates it to a number of mainstream, but context-speciﬁc economic and business theories. Eclectic paradigm (oli) is a holistic, yet context specific framework of analysing foreign direct investment (fdi) determinants to set the oli in a specific context we account for the different.
Dunning's eclectic theory 380 international business review 5,4 these costs must be compared with the costs of finding and maintaining an external relationship to perform the same functions in the international market. An eclectic paradigm is a theory based on a three-tiered framework that a company follows to determine if direct foreign investment would be beneficial. Dunning (1979) toward an eclectic theory of international production: some empirical tests journal of international business studies dunning (2000) the eclectic paradigm as an envelope for economic and business theories of mne activity. This article contains application of dunning eclectic paradigm on the case study of shanghai vision technology co, ltd, a medium sized manufacturer of 3d printers and other innovative products based in shanghai, china exporting can be specified as the most appropriate new market entry strategy. Dunning's eclectic paradigm professor john dunning proposed the eclectic paradigm as a framework for determining the extent and pattern of the value-chain operations that companies own abroad.
—this paper develops and extended eclectic paradigm to fit the firm internationalization process with the real international business world the approach is based on dunning´s, introducing new concepts like mode of entry, international joint venture o international mergers and acquisitions. That dunning adopted the term 'eclectic paradigm' and began to argue that other theories (eg, internalisation) were partial explanations that focused on particular issues with respect to international production 6 oli was the. According to dunning (1979:p274), the eclectic paradigm resulted from his dissatisfaction with existing theory of international production: the hymer-kindleberger approach, the product-cycle theory, and the internalisation theory.
176 j h dunning 2 the key propositions of the eclectic paradigm let me now reiterate the propositions of the eclectic paradigm7the subject to be explained is the extent and pattern of international production, ie production. A core use of the eclectic paradigm is to determine the most appropriate form of market entry various partial theories , for example those of macro resource allocation and organizational economics, are included in the analysis (hence the term ˜eclectic ), so dunning s approach can explain more than partial theories are able to when applied alone (dunning, 1993, p 76.
Foreign direct investment: the oli framework the oli or eclectic approach to the study of foreign direct investment (fdi) was developed by john dunning. The eclectic paradigm is a theory in economics and is also known as the oli-model or oli-framework   it is a further development of the internalization theory and published by john h dunning in 1979. The eclectic paradigm is a theory in economics and is also known as the oli-model or oli-framework it is a further development of the internalization theory and published by john h dunning in 1979. The eclectic paradigm was first presented by john dunning in a lecture related to the nobel event in 1976 he followed up on this presentation in numerous articles and books, refining.