Water as an economic good

Content Table

Definitions
- The 4th Dublin Principle
Section B
- Sub-section B
Related Articles
References
Links

Definitions

Commodification is the process of converting a good or service formerly subject to many non-market social rules into one that is primarily subject to market rules.

Privatization in the water sector involves transferring some or all of the assets or operations of public water systems into private hands. There are numerous ways to privatize water, such as the transfer of the responsibility to operate a water delivery or treatment system, a more complete transfer of system ownership and operation responsibilities, or even the sale of publicly owned water rights to private companies. Alternatively, various combinations are possible.

The 4th Dublin Principle

Water has an economic value in all its competing uses and should be recognized as an economic good.

Dublin Principle No 4 was contentious when it was being framed and has remained so ever since.

Section B

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Sub-section B

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Water Wiki:

The impact of Privatisation on the sustainability of Water Resources

External:

UNSRID 2004: Commercialization, Privatization and Universal Access to Water - Case Studies