Can water be treated as Commodity? -
March 12th, 2011
Should water be treated as a commodity that can be priced as an economic resource and traded across international boundaries? Or is it a unique common good that should be the subject of international cooperation?
Water occurs randomly, just like oil and gas, which are treated as commodities which can be bought, sold and traded across national borders. If countries can take advantage of their geographic location to sell fossil fuels, they are justified in using water resources to support their economies. Failure to view water as a precious, marketable commodity makes it far less valued and leads to unrestricted water use by environmentally unconscious societies.