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What does Vernon's PLC (Product Life Cycle) model seek to explain? What does the eclectic paradigm (ownership-location-internalisation) seek to explain? Which of the two paradigms

What does Vernon's PLC (Product Life Cycle) model seek to explain?

What does the "eclectic paradigm" (ownership-location-internalisation) seek to explain?

Which of the two paradigms or models - PLC or Dunning's eclectic paradigm - explains best the case of US firms investing in Ireland?

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