John Dunning

John Dunning was a prominent economist known for developing the Eclectic Theory of International Production, which explains the factors influencing foreign direct investment (FDI) decisions by companies. His theory posits that companies invest abroad when they possess competitive advantages, find attractive markets, and choose to internalize operations to maximize profits. Dunning's work has significantly shaped the understanding of globalization and investment strategies, making him a key figure in international business studies.