Water: Economics and Policy By Brian Roach, Anne-Marie Codur and Jonathan M. Harris An ECI Teaching Module on Social and Environmental Issues in Economics Global Development Policy Center Boston University 53 Bay State Road Boston, MA 02155 bu.edu/gdp WATER: ECONOMICS AND POLICY Economics in Context Initiative, Global Development Policy Center, Boston University, 2021. Permission is hereby granted for instructors to copy this module for instructional purposes. Suggested citation: Roach, Brian, Anne-Marie Codur, and Jonathan M. Harris. 2021. “Water: Economics and Policy.” An ECI Teaching Module on Social and Economic Issues, Economics in Context Initiative, Global Development Policy Center, Boston University. Students may also download the module directly from: http://www.bu.edu/eci/education-materials/teaching-modules/ Comments and feedback from course use are welcomed: Economics in Context Initiative Global Development Policy Center Boston University 53 Bay State Road Boston, MA 02215 http://www.bu.edu/eci/ Email:
[email protected] NOTE – terms denoted in bold face are defined in the KEY TERMS AND CONCEPTS section at the end of the module. 1 WATER: ECONOMICS AND POLICY TABLE OF CONTENTS 1. GLOBAL SUPPLY AND DEMAND FOR WATER.................................................... 3 1.1 Water Demand, Virtual Water, and Water Footprint ................................................. 8 1.2 Virtual Water Trade ................................................................................................. 11 1.3 Water Footprint the Future of Water: