ABSTRACT

This monograph has sought to offer a generalized economic paradigm to explain the growth and pattern of international production. The ingredients and propositions of this paradigm were identified and explored in Chapters 1 and 2. Chapter 3 traced the main historical landmarks in the evolution of MNE activity, and used the eclectic paradigm to examine the interaction between these and the modalities of international resource transfer. Chapter 4 examined the lineage of the theory of international production from the time of Merchantilists onwards; and especially the changing attention given by economists to the ownership, location and internalization (OLI) components of the paradigm.