John H. Dunning

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John Harry Dunning OBE (born June 26, 1927 Sandy (Bedfordshire) , † January 29, 2009 ) was a British economist who is considered one of the founders of research on multinational companies and international direct investment . He became known in the 1980s for the OLI model he developed as a framework for the theory of the internationalization of companies.

Life

During the war, Dunning served in the Royal Navy in Ceylon . He then studied economics at University College London and conducted research on American direct investments in Great Britain at the University of Southampton . In 1964 he received an endowed professorship at the University of Reading , where he worked until his retirement .

From 1987 to 1988 Dunning was President of the Academy of International Business in East Lansing ( Michigan ), whose work he strongly promoted, also co-founder of the European International Business Academy and at times professor at Rutgers University , New Jersey , USA, as well as visiting professor at other universities .

plant

In Reading, Dunning developed the OLI model, also known as the eclectic model . It sees the drivers of direct investments abroad not primarily in international interest rate differentials as a result of different national factor structures, but above all in ownership advantages (naming rights, copyright , patents, etc.), advantages in the procurement of important external resources and in the benefits of internalization (incorporation ) Foreign intermediary agents (commercial agents, sales companies, etc.) into their own company.

Dunning dealt (among other things in Making Globalization Good ) also with ethical problems of globalization.

Dunning had numerous students in Reading in the 1970s and 1980s who also became known, such as B. Mark Casson (* 1945) and Peter Buckley (* 1949). Dunnings approach, whose younger representatives - u. a. Rajneesh Narula (* 1963) - and her research work became known as the Reading School of International Business . This school assumes a positive effect of the protected property rights of internationally operating companies in innovative technologies, since property protection serves the international technology transfer and the overcoming of market imperfections. Their representatives agree with Schumpeter's argument that a certain degree of monopoly is to be accepted, since it promotes technical innovation.

Honors

Dunning was also known as the "father of international business". He held five honorary doctorates and was an honorary professor at the University of International Business and Economics in Beijing . The John H. Dunning Center for International Business at Henley Business School was named after him in 2008 .

Publications

  • American Investment in British Manufacturing Industry (1958)
  • Globalization of Firms and the Competitiveness of Nations (with M. Blomstrom and B. Kogat, 1991)
  • Alliance Capitalism and Global Business (1997)
  • Making Globalization Good: the Moral Challenges of Global Capitalism (2005)

Web links

Individual evidence

  1. ^ Website of the John H. Dunning Center
personal data
SURNAME Dunning, John H.
ALTERNATIVE NAMES Dunning, John Harry
BRIEF DESCRIPTION British economist
DATE OF BIRTH June 26, 1927
PLACE OF BIRTH Sandy , Bedfordshire
DATE OF DEATH January 29, 2009