The Contexts for Water Modeling
Rapid economic growth in previously less developed nations and prolonged droughts in many nations are stressing existing water resources. Diminishing water resources are being diverted increasingly to meet burgeoning urban demands. Economics has a role to play in providing guidelines to enhance the sustainability of water resources. Water pricing is important in improving resource allocation. Economic models can help place policies in context. Economic adjustment to water stress may alter patterns of production and global trade.
KeywordsDrought impacts Water reforms Farm factor mobility Water trading
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