The eclectic paradigm, also known as the OLI model or OLI framework (OLI stands for Ownership, Location, and Internalization), is a theory in economics. [1] [2] It is a further development of the internalization theory and published by John H. Dunning in 1979. [3] Modern trade theory incorporates this paradigm using the Grossman-Hart-Moore theory of the firm [4]