%A Mariana Mazzucato
%A Mariam Zaqout
%T Rethinking the global water challenge through a common good lens
%N 2024-06
%D 2024
%I UCL Institute for Innovation and Public Purpose
%S Working Paper Series (IIPP WP)
%L discovery10196644
%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.
%C London, UK
%O This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.