A review about globalization. Its beginnings and fundaments. Definitions and backgrounds, historic, contemporary and future aspects. Understanding contemporary globalization under its aspects of global trade & finance and also under its cultural and multinational (social) worldwide impact. Globalization and hyper-globalization in the contemporary world. Technological and communicational globalization. First-hand actors in globalization. Official agenda of the key-stakeholders of the globalization project vs hidden agenda. Sovereignty in the newest process of globalization. Territory borders in the globalization era. Questioning the benefits, but also the risks of globalization regarding European/world security. Globalization – where to?!