How Does Globalization Affect Water Scarcity
How has globalization impacted water scarcity?
Name: Yash Patel
Professor’s name: Jamie Zarowitz
Date: 8th November
Can you imagine living in a world where the most abundant and needed resource water was not available to you. This is the reality many people around the world are facing right now. Globalization has had far-reaching effects on our lifestyle. It has led to faster access to technology, improved communication and innovation. Apart from playing an important role in bringing people of different cultures together, it has ushered a new era in the economic prosperity and has opened up vast channels of development. However, globalization has also created some areas of concern, …show more content…
Its trends have affected the water sector, most notably by opening it up to significant competition and external influences. Economic growth, population shifts, and climate change will contribute to severe shortage and degradation of global water supplies and ecosystems over the next 30 years, particularly in the developing world, but not exclusively. Areas such as California and Southern Spain have already been affected by water scarcity issues. Water is critical for many businesses because all goods require water in their production. Companies are increasingly facing a physical shortage of water which, in turn, leads to new regulatory and reputational consequences. The world has to pay close attention to the fresh water crisis because if it doesn’t there will be many more problems than just shortages of drinking water. Both water and food supply are tightly connected. Without water there cannot be food, so inevitably when we run out of water we will also have a food shortage. As the water scarcity is increasing day by day, many organizations in last five years have started developing a range of tools and approaches that can help …show more content…
For example, various pollutants generated as byproducts in the production of plastics, synthetics, pesticides, detergents, pulp and paper, and other materials can pose a water-quality and conceivably a human health hazard if not regulated and managed properly. Globalization trends have affected the water sector, most notably by opening it up to significant competition and external influences. Water privatization activity has increased since 1997 and it predominately started in Latin America and the Asian and Pacific Basin regions. The privatization of previously public assets generates revenue from sales and promotes greater efficiency from revamped operations while promoting profits for the new owners. As a basic necessity of modern life, many corporations view waters as a good investment. In many places, past fiscal mismanagement of the public sector's provision of local water services has increased the appeal of privatization. On the other hand, privatization of water services has drawn criticism from those concerned with the accountability of large private corporations, the needs of the poor for basic services, and environmental integrity. The continued growth of large-scale, corporate agriculture implies an extensive use of pesticides and fertilizers. Production levels of toxic wastes also are a concern to environmental quality,