Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Mihai-Vladimir TOPAN

Academia de Studii Economice din Bucureşti

One of the theories widely discussed and used to explain the phenomenon of international production (and of multinational corporations implicitly) is the so-called “eclectic paradigm” put forward by the British author John H. Dunning. In this research note, some aspect of this theory/paradigm will be critically assessed or pointed to: the difficult and elusive jargon; the problematic fundamental classification (ownership, location and internalization advantages – “OLI”) in which the conceptual distinctness of component elements is wanting/missing; quasi-complete elimination of the human intentional factor – which makes the analysis almost mechanical. We will essentially conclude with Itaki (Itaki 1991) that we are rather dealing with taxonomy instead of a theory and with one which raises more problems than it solves.

ŒCONOMICA no. 4/2012

Keywords: international production, multinational corporations, the eclectic paradigm, ownership, location, internalization advantages

JEL: D23, F23, G32, P14, P26

Notă despre John Dunning şi explicaţia eclectică a multinaţionalelor

Select Issue: