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Agenda 21 and the Dublin Principles put the concept of water as an economic good on the global agenda, and they have received wide acceptance by the world's water professionals.

TitleWater as a social and economic good : how to put the principle into practice
Publication TypeBook
Year of Publication1998
AuthorsBhatia, R, Rogers, P, Huber, A
Secondary TitleTEC background papers / Global Water Partnership
Volumeno. 2
Pagination35 p. : 7 fig., 1 tab.
Date Published1998-08-01
PublisherGlobal Water Partnership (GWP)
Place PublishedStockholm, Sweden
ISBN Number9158676201
Keywordseconomic aspects, environmental impact, sdiman, social aspects, water costs, water management, water use
Abstract

Agenda 21 and the Dublin Principles put the concept of water as an economic good on the global agenda, and they have received wide acceptance by the world's water professionals. However, there is much confusion on the exact meaning of some of the articulated principles. In particular, many non-economists do not understand what is implied by the statement that water is an "economic good" or an "economic and social good." This paper addresses this lack of understanding by formulating the concept of water as an economic good and explaining, in practical terms, the economic tools that can be used to effect the environmentally, socially, and economically efficient use of water. Section I of the paper presents the general principles and methodologies for estimating costs and values in the water sector. Section II, provides some illustrative estimates of cost and values in urban, industrial and agricultural sectors based on available data. Section III contains a summary of results and conclusions.

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