International Trade in Water Rights provides a new approach to the
questions raised by international water transfer projects: To whom
does water belong? More precisely, what rules should govern
international water transfers from transboundary watercourses?
These issues are usually studied through the lenses of
international trade law. International Trade in Water Rights offers
a new approach by highlighting the fundamental issue of domestic
and international water property regime and introducing the
difference between trade in water and trade in water rights.
International Trade in Water Rights analyses the conditions under
which market-based instruments could participate in the resolution
of water disputes over international watercourses and
recommendations are made based on the study of two cases of
inter-state water trading in the Colorado River Basin and in the
Murray Darling Basin. It is argued that the recognition of water as
an economic good in domestic water reform will increasingly impact
the management of international watercourses. The book is of key
interest to water professionals, economists, lawyers, and political
scientists dealing with transboundary disputes over water.
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