ICT impact on internationalization. A critical review of the eclectic paradigm

This article introduces the open question about an update of the eclectic paradigm, on the occasion of new ways in which multinational firms invest abroad which have emerged in the last decades of the 20th century. It develops a theoretical review of all the theories that have been developed up to day focusing on the development of the OLI paradigm of Dunning and its contrast with the real patterns of internationalization. The lack of empirical validation raises the question about the inadequacy of this model developed several decades ago to explain the current reality of multinational firms.