The most sharply opposed to the idea that TNCs reduce the power of nation-states have been the Neomercantilists. Robert Gilpin, one of the neomarkantilists who advocated that the power of nation states should not be underestimated, emphasized the great role of state power in the creation of international economic regimes. According to him, states should be accepted as independent variables responsible for the creation and maintenance of the world economic structure. (BIERSTEKER, 1980, s. 209) Another thought of the neomercantilists is; Before a new world order emerges, the strength of TNCs is paralleled by the strength of their source countries. In other words, the stronger the country that has a say in the world economy, the stronger the TNCs originating from that country are in the world economy. (DURA & KILIÇARSLAN, 2011)
According to C.Fred Bergsten, the power of multinational corporations has not weakened the power of the state, on the contrary, the sovereignty is now in the hands of the host country. Bergsten evaluates this transfer of power between states and multinational companies by showing the extent of the differences from country to country and from industry to industry. (BERGSTEN, 1974, s. 138) On the other hand, Alfred Stepan believes that multinational corporations do not reduce the power of the state, on the contrary, it increases it and the role of the state in economic management will increase. (BIERSTEKER, 1980, s. 210) Stepan believes that the increase of multinational companies will encourage planning and negotiation organizations such as the Andean Treaty Organization and OPEC, which will be formed with the participation of many countries, and will increase the mutual bureaucracy in which states play a key role. According to this view, the state will play a more active and active role. Despite the power differences between third world countries and foreign capital, it is possible for countries to develop policies that will increase their bargaining power over foreign capital. Transnational corporations are also a part of globalization. Henry Yeung stated that the roles of states also show their strategies in the globalizing world. According to Yeung, some of these roles are; the state provides the conditions for the global growth of domestic capital, the state directly engages in transnational economic activities to become a collective capitalist, the state is one of the most effective regulators of the global economy, nation states still have significant power over domestic economies in the globalizing world, and the state's role in internationalization policy is today global equally important in the economy. (YEUNG, 1998, s. 297) Moreover, according to some schools of international organization, increasing complexity in the global economy has made it necessary to regulate regional and international institutions.