Globalization is an encompassing phenomenon, which has created challenges for all of humanity. The family, as a social institution, has experienced some transformations brought about by globalization. The issue under study in this paper examines the potential impact of globalization on the family and the challenges and the opportunities that are created by globalization for today's family. The results of this study point to fact that the family in the era of globalization will continue to survive. However, there will be changes in the family structure and in the relations between family members. The typical nuclear family will experiences transformations, and greater varieties of family types. Additionally, the power structure of patriarchy within families, women's greater awareness, their social participation, employment and education, will transform their status in the family and society. While globalization can have the potential to create opportunities for the eradication of patriarchy and increase of women's rights, it also holds many challenges in the realm of identity and structural relations of family members. As such, it is important to understand globalization in its various dimensions and its possible impact, so that its positive opportunities can be harnessed and its challenges be appropriately addressed.