Globalization has a great impact on a humans and on nature. The paradigm of globalization as well as its goals are changing over time but in its essence globalization should stay the same. Enlarged openness of countries, faster flow of goods and services throughout international trade, faster and easier exchange of people, knowledge and information presents standard paradigm of globalization. International trade has a great impact on world economy, therefore it presents one of the key product of globalization. Also, these two terms greatly affect on the environment and on natural resources, especially on water. Water presents an indispensable natural resource that is natural grace without which almost nothing could function. Humanity and nature are dependent on water as a resource and therefore it is important to put emphasis on the sustainability of this resource. The effects that are made on the water, due to globalization and international trade, are explained and analyzed in this thesis. Also, it is presented the correlation between water, international trade, and globalization. If we exclude the emphasis of the water as a natural resource, we should emphasize the impact it has on the economy. Almost every production facility needs water in some of its manufacturing processes. Furthermore, water is the final product that comes out on the market in the form of the bottled water. Seemingly neglected resource becomes globally very significant resource in every way; economical, environmental and geopolitical. Therefore, the emphasis was put on to water sustainability and the challenge in the management of the water in this modern and globalized world were analyzed.