In this chapter we discuss how globalization affects societal quality of life. We first describe the concept of globalization in terms of inflows and outflows of goods, services, capital, technology and workers. We then describe societal quality of life in terms of economic, consumer and social well-being. Lastly, we make arguments about how globalization affects societal well-being by articulating specific relationships among the dimensions of globalization and societal well-being. Public policy and research implications are also discussed.