%0 Generic
%A Mazzucato, Mariana
%A Zaqout, Mariam
%C London, UK
%D 2024
%F discovery:10196644
%I UCL Institute for Innovation and Public Purpose
%N 2024-06
%T Rethinking the global water challenge through a common good lens
%U https://discovery.ucl.ac.uk/id/eprint/10196644/
%X The hydrological cycle has become unstable and requires a new approach to governance. This  paper makes three points. First, countries are globally interconnected through the hydrological  cycle and anthropogenic impacts are causing it to destabilise. Second, the response of  countries must be economy wide and systemic as all sectors of the economy are critically  dependent on water. Third, tackling the water crisis requires collective action as no one country  or region can combat the problem on its own. The paper suggests that conceptualising and  governing water as a common good offers a productive framework through which the response  to the water crisis can be (1) global, (2) economy wide and systemic, and (3) rooted in collective  action. It argues that doing so requires going beyond existing economic goods scholarship and  thus expanding the notion of water as either a public good, a private good or a common pool  resource.
%Z This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.