The three models have different underlying assumptions about the key
determinants of internationalization. The eclectic/economic paradigm rests on L/I advantages stemming from considerations of transaction cost theory, firm control, resource commitment, and the reduction of risk and opportunism.
In contrast, The Uppsala/process and network models are based on the interplay of market knowledge and commitment on the one hand, and relationship formation and development on the other, as means of overcoming limited knowledge and attenuating opportunism.
Moreover, internationalization is viewed in the Uppsala/process and eclectic/economic models as a rational and purposeful planning process in which firms seek to optimize outcomes and minimize risks given limited knowledge.
This contrasts with the network perspective that views markets as networks and where internationalization is viewed as a more emergent and unplanned process stemming from the interactions
taking place within networks of interconnected firms and other organizations involved in an industry and market. New international market opportunities and initiatives may arise anywhere in the network that can in turn lead others to recognize and exploit similar or linked opportunities that they might otherwise have remained blind to. Please review the prices https://www.successfulessay.net/prices/ if you are interested in essay writing.