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Not all changes can be directly attributed to globalization.
By developing a Globalization Process Model we theoretically argue, in contrast to much of the existing literature, that globalization may evolve to a more general phenomenon.
While globalization in the first meaning is a fact, and it may constrain some choices, it does not totally foreclose them in the way that many imply.
It is argued that the word `globalization' has become so fuzzy and used with such a variety of different meanings that a general theory of globalization must acknowledge and incorporate various discourses.
Accordingly, globalization should be promoted.
It argues that globalization needs to be understood, in part, as the externalization of particular national forms of capitalism in particular historical periods.
But globalization is not just a repetition of this previous period of capitalism.
That is, not the death of globalization theory, but the way it interacts with and is sustained by contemporary practices, techniques and technologies of governmentality.
Journal ArticleDOI
Cameron Graham, Dean Neu 
01 Dec 2003-Accounting Forum
78 Citations
We argue that if globalization is to be useful as a theoretical construct, then detailed research is required into the concrete and specific mechanisms that constitute globalization.

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