John Dunning (Economist)

John Dunning was a British economist best known for his work in international business and economics. He developed the eclectic paradigm, also known as the OLI framework, which explains why companies engage in foreign direct investment (FDI). The framework highlights three key factors: Ownership advantages (unique assets a firm possesses), Location advantages (benefits of operating in a specific country), and Internalization advantages (gains from managing operations internally rather than through partnerships). Dunning's research has significantly influenced how businesses strategize their global operations and has shaped academic studies in international trade and investment.