Managing The Blue Gold Crisis Essay

2173 Words Mar 31st, 2016 9 Pages
Managing the Blue Gold Crisis

Water is the most vital natural resource for sustaining life, yet the World Economic Forum in January 2015 announced that water inaccessibility is the most significant global crisis that impacts society (Water). “Blue gold,” earth’s usable water, is essential to human health, preservation of ecosystems, sustainability of industry, and maintenance of social support (Chaisse et al. 2). However, according to the United Nations, 900 million people do not have access to safe water, and 2.6 million are without proper water sanitation (Deen). Disputes over how to properly address the water crisis in the world’s developing nations have only intensified the devastating deficiency of stable water. One solution, water privatization, has been offered for the past 20 years (Public 1) to increase government funding of services that address unaffordable and inaccessible water sources (Ruben-Salama et al. 2). Privatization is generally defined as the relationship between the host state (the country in need of privatization) with private, foreign, or local investors, in varying degrees of ownership of the particular management system (Chaisse et al. 7). In theory, citizens would have access to ample water resources and sanitation, but applications of this institution are inadequate for providing water equity. Water governance is a complex, delicate issue, where distribution must be in the best interest of the public, rather than the interests of profit.…

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