Water as a Global Public Good

Cosma Sorinel ()
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Cosma Sorinel: „Ovidius” University of Constanta, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 443-446

Abstract: Water, like many natural resources, has been conceptualized — and managed — as either a public good or a commodity.The United Nations Committee on Economic, Cultural and Social Rights issued a statement declaring access to water a human right and stating that water is a social and cultural good, not merely an economic commodity. Ensuring that the public receives an adequate supply of public goods requires some level of government responsibilities and action, since purely private markets often do not find it profitable to provide public goods. Often provided at subsidized prices or for free in many situations, water is available to even the poorest segments of society.

Keywords: Global Public Good; water; privatization; crisis. (search for similar items in EconPapers)
JEL-codes: O13 (search for similar items in EconPapers)
Date: 2011
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