14 Jul 2008

Water Crisis

Sadly, the "world's experts" in water appear to understand the potential for a water crisis but not how to solve it:
Current estimates indicate that we will not have enough water to feed ourselves in 25 years time, by when the current food crisis may turn into a perpetual crisis. Just as in other areas of agricultural research and development, investment in the provision and better management of water resources has declined steadily since the green revolution. I and my water science colleagues are raising a warning flag that significant investment in both R&D and water infrastructure development are needed, if dire consequences are to be avoided.
Their solution (more spending,* à la Sachs) ignores the simpler solution: Assign property rights and allow markets to allocate water.

Bottom Line: The International Water Management Institute needs to hire some economists.**

* This site also asks for "several years and a great deal of investment" on condensation and desalination to "fix" water supply problems. Not bloody likely. They need to hire an economist too.

** I applied for a postdoc there, but I took the postion at UC Berkeley. Maybe I can work two three jobs? :)

No comments:

Post a Comment

Read this first!

Make sure you copy your comment before submitting because sometimes the system will malfunction and you will lose your comment.

Spam will be deleted.

Comments on older posts must be approved (do not submit twice).

If you're having problems posting, email your comment to me