Professor Dunning offers a thoughtful paper (Dunning, 2002) concerning relational assets and international business activity. The work is sweeping in its scope and concepts. Given the breadth, my commentary inevitably will need to focus on some aspects at the expense of others. Rather than to critique the paper exhaustively, then, my goal is to identify intriguing aspects of the argument and to offer some tentative suggestions for extending and revising the argument.

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