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Eclectic Paradigm |
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Eclectic Paradigm A theory that provides a three-tiered framework for a company to follow when determining if it is beneficial to pursue direct foreign investment. Notes: In order for a direct investment in a foreign country to be beneficial, the following advantages must be present:1. Product or company specific advantages, such as a comparative advantage. 2. Location specific advantages - where the company derives greater benefit through a foreign establishment. 3. Market internalization - meaning it is better for the company to exploit a foreign opportunity itself, rather than through an agreement with a foreign firm. Eclectic paradigm A theory that posits three types of advantages benefiting a multinational corporation: ownership-specific, location-specific, and market internalization advantages. |
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? Mentioned in | ? References in periodicals archive | |
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The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions", Journal of International Business Studies, Vol. The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions", Journal of International Business Studies, Vol. |
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