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Extending the Eclectic Paradigm in International Business

Essays in Honor of John Dunning Edited by H. Peter Gray, Emeritus Professor of International Business and Economics, Rutgers, The State University of New Jersey, New Brunswick, US
John Dunning is undoubtedly the world’s leading scholar on the subject of multinational corporations and international business. This collection of original essays is designed to honor this work, particularly his achievements during his association with Rutgers University.
Extent: 288 pp
Hardback Price: $146.00 Web: $131.40
Publication Date: 2003
ISBN: 978 1 84064 888 1
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  • eISBN: 978 1 78195 028 9

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  • Business and Management
  • International Business
John Dunning is undoubtedly the world’s leading scholar on the subject of multinational corporations and international business. This collection of original essays is designed to honor this work, particularly his achievements during his association with Rutgers University.

The contributors, most well known in the field in their own right, explore the many threads of Dunning’s work, focusing on advances to his ‘eclectic paradigm’, which looks at the interactions between ownership, location and internalization in explaining foreign direct investment by multinational firms. The book was also conceived and written to record Dunning’s contribution to the creation of a doctoral program in International Business at Rutgers University at Newark. The coverage explores a range of topics and seeks to build on the eclectic paradigm or to apply it to existing problems.

Scholars and students in international business will find this Festschrift an enlightening study of one person’s contribution as well as an important advance in the literature on the eclectic paradigm.
‘The book will be very useful for researchers in the specific area of ownership, location and internationalization (OLI).’
– V.L. Rao, Global Business Review
Contributors: S. Beldona, J. Dilyard, L. Eden, H.P. Gray, R. Grosse, T.J. Hämäläinen, C. Kim, Z.K. Kim, S.M. Lundan, A. Markusen, R. Narula, K.O. Olibe, T. Ozawa, Y.S. Pak, M.A. Santoro, M. Schneider, J.-C. Spender, D.E. Thomas, B. Vyas, K. Wakelin, L.H. Wallace, C. Wymbs
Contents: 1. Dunning’s Rutgers Years 2. A Variant of the Eclectic Paradigm Linking Direct and Portfolio Investment 3. Why Multinationality Matters: Exploring the ‘L’ in the OLI Paradigm 4. The Eclectic Theory in Latin America 5. A Theory of Systemic Adjustment and Economic Growth: The Case of Finland 6. Is Trade or FDI the More Important Contributor to Globalization? 7. Institutions, Exclusivity and Foreign Investment 8. Financial versus Industrial Firms in Industrial and Regional Restructuring 9. The Multiple Dimensions of International Involvement: An Empirical Test 10. Towards a Theory of Hegemon-led Macro-clustering 11. Understanding the Entry Strategies of International Franchisers with Dunning’s Envelope OLI Paradigm 12. Asynchronous Political and Economic Development and the Asian Financial Crisis: A Preliminary Analysis 13. Multinational Theorizing: Some Methodological Comments about John Dunning’s Eclectic Approach 14. Location Determinants of Foreign MNCs Investing at the Sub-national Level: The Role of State Government 15. The OLI Paradigm – An Effective Framework for Assessing Global Strategic Leadership 16. The Eclectic Paradigm and the Evolution of the United States Public Utility Industries, 1875–2000 References Index