Abstract
The chapter on water and globalization overlaps earlier chapters, particularly water and equity and water and security. With a robust global market, water, like so many other resources, has been commodified; even to the point where it is traded on the Australian Stock Market. Yet objections from scholars and activists contend that water has intrinsic value and should be categorized as a market good, a commodity. But booming sales in bottled water and the trade of water in countries, such as Peru, to support agribusiness, facilitate water’s identity as a market good. The global economy, however, has also raised awareness of what is termed “virtual water.” Now when a country determines its water use and subsequent water independence, virtual water is part of the measurement.
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Notes
- 1.
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Pietz, D.A., Zeisler-Vralsted, D. (2021). Water and Globalization. In: Water and Human Societies. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-67692-6_8
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