The Economic Implications of Global Water Scarcity

Abstract

Water, like any other natural resource, is vital to a nation’s economic growth and existence. Without adequate water supplies a nation will face severe economic problems as well as social unrest and political instability. The current problem many nations face is their dwindling water supply. The aim and purpose of this paper is to examine the economic impact of global water scarcity on both developed and developing nations. This paper will also examine how a lack of clean water will hurt a nation’s economic growth and its ability to be a viable player in global trade and be able to provide for its people. This study will also look at the causes of water scarcity and also how the problem can be rectified.