The eclectic paradigm further avers that the significance of each of these advantages and the configuration between them is likely to be context specific, and in particular, is likely to vary across industries (or types of value-added activities), regions or countries (the geographical dimension) and among firms.
 t the eclectic paradigm is best regarded as a framework for analysing the determinants of international production rather than as a predictive theory of the MNE qua MNE.
 no single theory can be expected to satisfactorily encompass all kinds of foreign-owned value-added activity simply because the motivations for, and expectations from, such production vary a great deal.
 In formulating operational hypotheses about the relationship between individual OLI variables and the level and pattern of international production, it is important to specify the context in which this relationship is being examined. But, similarly, as I have opined elsewhere (Dunning, 1995), no single theory of international trade can satisfactorily explain all forms of cross-border transactions in goods and services.
 
The eclectic paradigm further avers that the significance of each of these advantages and the configuration between them is likely to be context specific, and in particular, is likely to vary across industries (or types of value-added activities), regions or countries (the geographical dimension) and among firms. t the eclectic paradigm is best regarded as a framework for analysing the determinants of international production rather than as a predictive theory of the MNE qua MNE. no single theory can be expected to satisfactorily encompass all kinds of foreign-owned value-added activity simply because the motivations for, and expectations from, such production vary a great deal. In formulating operational hypotheses about the relationship between individual OLI variables and the level and pattern of international production, it is important to specify the context in which this relationship is being examined. But, similarly, as I have opined elsewhere (Dunning, 1995), no single theory of international trade can satisfactorily explain all forms of cross-border transactions in goods and services.
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