Can a sustainable water sector be developed simultaneously with a country’s growth? Can the water sector continue to expand and achieve 
comprehensive coverage and financial sustainability goals to become a recognized global model for water sector management and performance? Can a country without a single sewer line in 1958 have 90 percent of its wastewater treated by 2012?
The answer is yes! The example is Korea.
The 12th Annual Meeting of the International Water Resource Economics Consortium (IWREC) will be hosted by the World Bank in Washington, DC on September 11-13, 2016. The overall theme of the meeting will be “Water Security in a Changing World.”
The report below was posted on the World Bank Water Blog by SUSANNE M. SCHEIERLING ON WED, 03/30/2016.
In many parts of the world, changing demand and supply patterns are contributing to an increasing physical scarcity and competition for water resources. Historically, new demands have been met by developing additional supplies—with the incremental cost of water remaining relatively constant over time due to the ready availability of water development project sites to meet growing demands. As the water economy moves from an expansionary to a mature phase, incremental costs are sharply rising, and interdependencies among users and uses are greatly increasing. With this move, the issues to be addressed by water economists tend to become more pressing, broader and more complex. While in the expansionary phase structural or engineering approaches to water management tend to be the main focus, in a maturing water economy nonstructural or institutional options for solving water problems receive increasing attention. In particular, resource allocation and valuation issues move to the forefront of economic inquiry.
To read the full blog post click here.
To access the report click here.
Netherlands for the World Bank 
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