Population growth and rising living standards on the one hand and changing climate on the other hand have exacerbated water scarcity worldwide. To address this problem policymakers need to take a wide view of the water economy a complex structure involving environmental social economic legal and institutional aspects. A coherent water policy must look at the water economy as a whole and apply a comprehensive approach to policy interventions. Written by two of the world''s leading scholars on economics of water this is the first graduate-level textbook on the topic. The book discusses water resource management within a comprehensive framework that integrates the different yet highly entwined elements of a water economy. It follows the steps needed to develop a well-designed set of policies based on detailed analyses of intervention measures using multi-sectoral and economy-wide examples from a variety of locations and situations around the world. Language: English