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The Water ParadoxOvercoming the Global Crisis in Water Management$
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Edward B. Barbier

Print publication date: 2019

Print ISBN-13: 9780300224436

Published to Yale Scholarship Online: September 2019

DOI: 10.12987/yale/9780300224436.001.0001

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PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 24 September 2021

Ending the Underpricing of Water

Ending the Underpricing of Water

(p.134) 6 Ending the Underpricing of Water
The Water Paradox

Edward B. Barbier

Yale University Press

This chapter addresses the challenge of the chronic underpricing of water resources. In a world of rising water scarcity, the underpricing of water is anathema to good water management. There is growing recognition that this needs to change. Nearly all countries are embarking on pricing reforms and encouraging water markets to emerge. However, most of these efforts are still not confronting the main management paradigm of the modern era's “hydraulic mission,” which is that lack of water can always be met by new sources of supply. As long as this view persists, water pricing and markets will remain peripheral and will have little impact on reducing water scarcity. In short, the lack of appropriate water markets, pricing, and policies is a key symptom of the global crisis in water management.

Keywords:   water underpricing, water resources, water scarcity, water management, pricing reforms, water markets, hydraulic mission, water pricing, water crisis, water policies

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