Business and Society for Water Privatization -myassignmenthelp.com

Question: Discuss about theBusiness and Society for Water Privatization. Answer: Business and Society Water privatization (Yes) Yes, because water is considered as a resource related to supply and demand and it should be considered as economic good. Water can be stored through the source of rain, but it has to be gathered, managed and processed by taking into consideration expensive system of channels and processing plants. It is important that dirty water and human waste should be removed and treated in sanitation systems. It is analyzed that water should be treated as an economic good then only it is considered as a waste. On the domestic level, if unmetered access is made by the consumers then it means that they are not paying according to the quantity they consume. On the national level, wasteful methods and inappropriate crops are encouraged by taking into consideration the subsidy given to farmers and industries (Tortajada, Gonzlez-Gmez, Biswas Garca-Rubio, 2016). For instance: In California water hungry cotton is grown that give harmful effect on the environment. Setting price according to its actual cost would help to encourage efficiency and practices that are environmental friendly. For instance: drip irrigation used in agriculture (Bakker, 2014). Issues related to water supply should be taken into consideration with huge investment especially in the emerging countries where individuals are not able to access clean water. It is seen that also in developed countries water is wasted through the leakage in pipes and aging infrastructure. It is analyzed that public sector is not able to offer cash for this investment so private sector involvement is essential. So, private companies should be free to earn profits through actual water charges that take into consideration costs of supply. If there is effective regulation then factors like quality and standards related to the environment should be managed properly (Harris, Goldin Sneddon, 2015). It is evaluated that water should be treated as economic good as it is beneficial for the poor. In the developed countries, the state subsidiary is provided to rich. Water is offered to the middle-class sector and to the wealthy farmers but there is no supply of water in the poorer areas. So, it is important that water should be available in each and every area of developed and undeveloped countries (Ruiz-Villaverde, Chica-Olmo Gonzlez-Gmez, 2018). Water Privatization (No) No, because with the increase in the population growth the demand for water increases. The rich class people waste water by using it in garden sparkles, lush golf courses, and swimming pools. It is important that management of demand should be considered so that waste can be prevented and also it makes sure that every individual can access including poor people. This is the responsibility and job of the government executives and not of private companies. Huge investment is required to meet global water target but it is seen that individual sector will offer these in exchange for huge commercial returns. If the investment is done by government then it is better to privatize as they can easily target the poor people and will not focus more on the opportunities related to profits. Water supply is considered as a natural monopoly so there is no pressure of competition on private companies to drive up quality and reduce the cost. It is also evaluated that in developed countries the proces s of water privatization is not so good. For instance: In the recent electricity supply crisis of California, it is seen that how badly the rules of private utilities can fail. In Australia, the water supply is retained properly just because it is in the hands of the public. To treat water as an economic good can give negative impact on the poor. The rich person can take advantage of the subsidiaries (Middlemiss, 2018). Tourism plays a great role in sustainability. In many countries, tourism is analyzed as an important instrument for regional development as it helps to stimulate the new economic activities. It is seen that tourism has a good impact on the balance of payments, on employment and also on the overall income and production but it can give negative results on the environment. If tourism growth is unplanned and is not controlled then it can result in decline of the environment and also in this the growth of tourism industry is compromised. It is important that environment should be protected as it is the major source of development (Mowforth Munt, 2015). It is seen that tourism impact on sustainability is seen on the landscape degradation and erosion. Air pollution is caused due to heavy transportation and the use of electricity. It is analyzed that there is increase in waste and the contamination of water because of the sewage that is collected from hotels and boats (Hall, Gossling Scot t, 2015). Deforestation also takes place due to an increased need for the supplies. It is seen that positive impact that is seen is related to the safety of the natural beauty. The government and organizations have put efforts so that natural beauty can be maintained as it attracts tourist towards the country. Tourism also encourages the positive impact on the local environment and economy that helps to maintain the environment in an effective manner. For instance: it is seen that tourism has impacted on the economy of Nicaragua's in three places like GDP, employment, and investment. Nicaraguan Tourism accounted for 7.9 of employment in 2013 and it can be enhanced to 8.8 percent by 2024. It is seen that negative aspect of tourism is also related to change in season and also it created part-time jobs and full-time jobs (Hunt, 2016). Sustainability tourism takes into consideration proper utilization of the resources that include social impacts and maximizes the advantage of conserving the local communities. It is seen that tourist mainly emphasizes on natural environment and also on historical cultural heritage. References Bakker, K. (2014). The business of water: Market environmentalism in the water sector.Annual Review of Environment and Resources,39, 469-494. Hall, C. M., Gossling, S., Scott, D. (Eds.). (2015).The Routledge handbook of tourism and sustainability. Routledge. Harris, L. M., Goldin, J. A., Sneddon, C. (Eds.). (2015).Contemporary water governance in the global south: Scarcity, marketization and participation. Routledge. Hunt, C. (2016). 10 A political ecology of tourism in the shadow of an inter-oceanic canal in Nicaragua.Political Ecology and Tourism, 163. Middlemiss, R. (2018). HR 23: An Assault on Water Resource Conservation and California's State Sovereignty.Hastings Envt'l LJ,24, 197. Mowforth, M., Munt, I. (2015).Tourism and sustainability: Development, globalisation and new tourism in the third world. Routledge. Ruiz-Villaverde, A., Chica-Olmo, J., Gonzlez-Gmez, F. (2018). Do small municipalities imitate larger ones? Diffusion of water privatization policies.Urban Water Journal,15(2), 138-149. Tortajada, C., Gonzlez-Gmez, F., Biswas, A. K., Garca-Rubio, M. A. (Eds.). (2016).The Private Sector and Water Pricing in Efficient Urban Water Management. Routledge.