It is apparent that globalization has created both a sense of promise and fear in the world community. This phenomenon has created both opportunities and threats for developing countries. Developed nations and developing, urban and rural areas, men and women, are affected differently by globalization. The depth and complexity of the outcome of globalization for women is more severe. As such, while globalization can have a positive impact on women, such as increases in income, employment, social capital, efficiency, choices, knowledge and information, and a decline in the birth rate, it also has an equally negative impact on women, such as growth of the employment in informal sector, low wages, reduced food safety, increased migration, disintegration of traditional values, lack of job security, and increases in consumerism. Globalization, because of social, economic, political and cultural limitations of women, has impacted them more severely, bringing greater challenges and threats as compared with the opportunities.