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Water as a Global Public Good

Author

Listed:
  • Cosma Sorinel

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

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.

Suggested Citation

  • Cosma Sorinel, 2011. "Water as a Global Public Good," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 443-446, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:443-446
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    More about this item

    Keywords

    Global Public Good; water; privatization; crisis.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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