eprintid: 10196644 rev_number: 8 eprint_status: archive userid: 699 dir: disk0/10/19/66/44 datestamp: 2024-09-04 15:39:30 lastmod: 2024-09-04 15:51:26 status_changed: 2024-09-04 15:39:30 type: working_paper metadata_visibility: show sword_depositor: 699 creators_name: Mazzucato, Mariana creators_name: Zaqout, Mariam title: Rethinking the global water challenge through a common good lens ispublished: pub divisions: UCL divisions: B04 divisions: C04 divisions: DF7 note: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. abstract: 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. date: 2024-04-04 date_type: published publisher: UCL Institute for Innovation and Public Purpose official_url: https://www.ucl.ac.uk/bartlett/public-purpose/publications/2024/mar/%20rethinking-global-water-challenge-through-common-good-lens oa_status: green full_text_type: pub language: eng primo: open primo_central: open_green verified: verified_manual elements_id: 2290152 lyricists_name: Zaqout, Mariam lyricists_name: Mazzucato, Mariana lyricists_id: MZAQO00 lyricists_id: MMAZZ96 actors_name: Mazzucato, Mariana actors_name: Kaltenbacher, Brigitte G actors_id: MMAZZ96 actors_id: BGKAL87 actors_role: owner actors_role: impersonator full_text_status: public series: Working Paper Series (IIPP WP) number: 2024-06 place_of_pub: London, UK pages: 29 issn: 2635-0122 citation: Mazzucato, Mariana; Zaqout, Mariam; (2024) Rethinking the global water challenge through a common good lens. (Working Paper Series (IIPP WP) 2024-06). UCL Institute for Innovation and Public Purpose: London, UK. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/10196644/1/Mazzucato%20_the_water_challenge_through_a_common_good_lens.pdf