Overview

The eclectic paradigm has become the dominant theoretical basis in the study of international business, multinational corporations and internationalisation over the last two decades. However, developments such as economic globalisation and the subsequent growth of global and alliance capitalism have fundamentally affected the way in which MNC activities are undertaken and organised. The contributions to this volume evaluate the eclectic paradigm in the global economy and its validity as a theoretical basis to understand these developments. Contributions by leading scholars - including John Dunning, Stephen Gusinger, John Cantwell, Terutomo Ozawa, Gabriel Benito, Lars Oxelheim, Timothy Devinney and Anoop Madhok - examine the legacy of the eclectic paradigm. This book systematically evaluates how the eclectic paradigm has survived the test of time, from a wide variety of perspectives. Contributors discuss whether and how the Ownership-Location-Internalisation (OLI) framework continues to be applicable to the perspective of their own particular analytical concerns. Has the explanatory usefulness of the paradigm diminished? To what extent is it a useful tool from the perspective of, for instance, trade theory, finance, evolutionary economics, resource based theory or strategic management? Can it be utilised to explain new developments in international business and economics? Do these require new ideas and concepts to be integrated within the eclectic paradigm? What are the new challenges to which international business theorising must respond? This volume includes contributions by leading scholars from a variety of perspectives, disciplines and subject areas in international business, and represents the state-of-the-art in international business theory.

Full Product Details

Author:   John Cantwell ,  Rajneesh Narula
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Volume:   v.31
Dimensions:   Width: 15.60cm , Height: 2.30cm , Length: 23.40cm
Weight:   0.750kg
ISBN:  

9780415316781

ISBN 10:   0415316782
Pages:   320
Publication Date:   24 July 2003
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

1. The eclectic paradigm in the global economy. John Cantwell and Rajneesh Narula 2. The eclectic (OLI) paradigm of international production: Past, present and future. John H. Dunning 3. New Institutional Economics: An organising framework for OLI. Elizabeth Maitland and Stephen Nicholas 4. FDI and endogenous growth: IB perspectives. Terutomo Ozama and Sergio Castello 5. The co-evolutional advantage: Strategic management theory and the eclectic paradigm. Anoop Madhok and Anupama Phene 6. From OLI to OLMA: Incorporating higher levels of environmental and structural complexity into the eclectic paradigm. Stephen Guisinger 7. From a theory to a paradigm: Examining the eclectic paradigm as a framework in international economics 8. Managerial beliefs, market contestability and dominant strategic orientation in the eclectic paradigm. Timothy M. Devinney, David F. Midgley and Sunil Venaik 9. The Micro-Mechanics of foreign operations' performance: an analysis based on the OLI-framework. Gabriel R.G. Benito and Sverre Tomassen 10. The eclectic paradigm and the recognition of finance-specific factors. Lars Oxelheim , Trond Randøy and Arthur Stonehill 11. The challenge of electronic markets for international business theory. John H. Dunning and Cliff Wymbs 12. The recent globalisation of the italian banking sector. An interpretation based on the ecelctic paradigm. Lucia Piscitello 13. OLI:a critical reflection and some conclusions. Lorraine Eden

Reviews

'It provides a welcome assessment of the contribution of the paradigm to IB scholarship, as well as focusing on current developments and extensions.' - Journal of International Business Studies

Author Information

John Cantwell is Professor of International Business at Rutgers University, USA (from 2002), while on leave of absence as Professor of International Economics at the University of Reading, UK. His main research areas are the analysis of corporate technological change and international business. He is the author of Technological Innovation and Multinational Corporations (1989). Rajneesh Narula is Professor at the Department of International Economics and Management (INT) at the Copenhagen Business School, and at the Centre for Technology, Innovation and Culture (TIK), University of Oslo.

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