Globalization and its challenges Globalization – the removal of barriers to free trade and the closer integration of national economies – can be a force for good that has the potential to enrich everyone in the world, particularly the poor, but the way it has been managed (especially the international trade agreements) needs to be , that s an overview about the term "globalization". Now, let s move to the main part of our 20-minute discussion. As we all know, there are many negative impacts caused by globalization but today, we just emphasize 3 main points.