Globalization is described as a multidimensional phenomenon. Globalization can be seen in the advancement of technology, as well as the global expansion of trade. In addition to these developments creating the achievement of prosperity, freedom, and peace, they can also produce social fragmentation and critical vulnerabilities opening the door to violence and conflict. Threats have become global in scope with the achievements of increased knowledge, technologies, and the movements of people. This paper raises issues arising from different aspects of globalization examining both threats and opportunities. It explores new ways of approaching security in the coming decades. The paper examines transnational threats with the proliferation of dangerous weapons, the underlying causes of transnational threats, opportunities for economic growth and the building of democracy, and a collective international decisionmaking processes. The traditional ways in which the national security and economic policymaking communities have dealt with these many dimensions of globalization must change.