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A Proposal for International Virtual Water Trading Council: Building Institutional Frameworks at International Level to Reduce Poverty

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Water Development and Poverty Reduction

Part of the book series: Natural Resource Management and Policy ((NRMP,volume 25))

Abstract

Water availability has multiple ethical dimensions and the management of real water and virtual water (water converted into food and electricity) are both relevant when addressing the issue of water management for poverty alleviation. The two need to be considered as a whole with the importation of food replacing growing of it and the saved water being used to inter alia improve sanitation to decrease mortality rates. However, to achieve this substitution and integration will require a sea change in the world market place and in the rules governing multi-lateral and bilateral trade. What is needed is an explicit process to ensure that in some places adequate food security in staples will be provided by trade and hence domestically water can be applied to other purposes. How to set up and empower and where to place such an ethical institution is the question this paper addresses.

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McKay, J. (2003). A Proposal for International Virtual Water Trading Council: Building Institutional Frameworks at International Level to Reduce Poverty. In: Olcay Ünver, İ.H., Gupta, R.K., Kibaroğlu, A. (eds) Water Development and Poverty Reduction. Natural Resource Management and Policy, vol 25. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0423-8_7

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  • DOI: https://doi.org/10.1007/978-1-4615-0423-8_7

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5069-9

  • Online ISBN: 978-1-4615-0423-8

  • eBook Packages: Springer Book Archive

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