Paper Summary:

This paper reviews Dunning's article entitled "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions" which takes a look at international business. In particular, the article focuses on the increasing importance of a strong grasp of market and production fundamentals, further offering some meaningful insight for international managers and executives to follow. The intent of the author is to establish a more accurate paradigm in which trade, commerce, and transaction costs can be understood by executives in international business.

From the Paper:

"International business increasingly requires a strong grasp of market and production fundamentals. Dunning, in his article entitled, The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions, offers some meaningful insight for international managers and executives to follow. The intent of the author is to establish a more accurate paradigm in which trade, commerce, and transaction costs can be understood by executives in international business. Perhaps the best way to fully grasp what Dunning is proposing is to explain one of the more traditional economic models that he intends to..."

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