Privatizing Water Supply. Risks and Benefits

Seminar paper from the year 2016 in the subject Business economics - Miscellaneous, grade: 2,7, University of applied sciences, Düsseldorf, language: English, abstract: This paper defines privatization of water supply along with its different types as a negative impact on the public, especially the poor people. It shows the risks and benefits of water privatization and how the private sector aims to gain profit with less accountability for the public. At the end, it results that the privatization of water supply has failed, and recommends the governments and private sectors to play an effective role for an improved access to water. Although water is considered by most people as a natural resource, it has been lately argued that water should be treated as a good. Public Citizens Water for All Campaign has been devoting their power to conserve water as a natural resource with adequate access for all people over the world and stop privatizing water for commercial purposes. On the other hand, WTO and OECD are the largest trade organizations which support all types of water privatization. Most points of view see that water should not be privatized in the fact that it is a human right while others think it should be privatized for a purpose of profit.