Paper Title
Have MNCS Become Stateless, Or Is Global Corporation A Myth?

Abstract
Whether Multinational Corporations (MNCs) have become stateless, or is global corporation a myth � is a hard debate among the academicians. Professor Charles Kindleberger (1969) stated that �The international corporation has no country to which it owns more loyalty than any other, nor any country where it feels completely home.� However, other experts questioned on this comment and came up with strong logical evidences against it. Most of the well-known corporations� (such as IBM, General Motors, Du Pont, and General Electric) more than 50% assets are located in their home countries (Hu, 1992). As a result, the operations in the home countries are extremely important for these companies. Keywords- International Business, Multinational Corporations, Globalization.