Briefly Describe Dunning's Eclectic Theory of Foreign Direct Investment

question 29

Essay

Briefly describe Dunning's Eclectic Theory of Foreign Direct Investment.

---

Definitions:

Industrial Society

A society characterized by a reliance on mechanized labor to create material goods, often associated with a significant shift from agricultural to industrial economies.

Normative Question

A question that addresses what ought to be, focusing on subjective judgments or prescriptions about economic policies.

Normative Statement

A statement expressing a value judgment about what ought to be, rather than stating objective facts or describing what currently exists.

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned over time, used in schools and universities.