John Dunning

John Dunning is a British economist known for his work in international business and economics. He developed the "Eclectic Paradigm," also known as the OLI framework, which explains why companies choose to invest in foreign markets. The acronym OLI stands for Ownership, Location, and Internalization. It suggests that firms will expand internationally if they possess unique advantages (Ownership), find favorable conditions in other countries (Location), and prefer to manage their operations internally rather than outsourcing (Internalization). Dunning's theories have significantly influenced the understanding of foreign direct investment and global business strategies.