The Economics of Water Management in Developing Countries

The Economics of Water Management in Developing Countries

Problems, Principles and Policies

Edited by Phoebe Koundouri, Panos Pashardes, Timothy M. Swanson and Anastasios Xepapadeas

The increasing scarcity of water resources (in terms of quantity and quality) is one of the most pervasive natural resource allocation issues facing development planners throughout the world. This problem is especially prevalent in less developed countries where the management of this valuable resource has become a critical policy concern. This authoritative new volume outlines the fundamental principles and difficulties that characterise this challenging task. The authors begin by detailing the significant problems of water management which are specific to developing countries. In particular, they highlight the political economy of water management in the context of both pricing and institutional reform.

Chapter 4: Willingness to Pay for Migratory Species Preservation: The Premium for Co-operative Agreements and Implications for Policy

Nathalie Olsen, Timothy M. Swanson, Jurgen Lefevere, Valeria Raffen and Ben Groom

Subjects: economics and finance, environmental economics, environment, environmental economics, environmental sociology, management natural resources, water


4. Willingness to pay for migratory species preservation: The premium for cooperative agreements and implications for policy Nathalie Olsen, Timothy M. Swanson, Jürgen Lefevere, Valeria Raffin and Ben Groom 4.1 INTRODUCTION This chapter focuses on the role of Cypriot wetlands as an important provider of wetland habitats for migratory species, and the possibility for cofinancing of wetland preservation for these species. Many bird species use this Mediterranean island as a ‘stopping off point’ (see Figure 1) on their annual migration routes between Africa and Europe. It is a crucial link in their instinctively travelled pathway. Nevertheless, it is likely to be the case that the local valuation of these birds is very low and the opportunity costs of supplying these wetland rest areas is very high. The loss of wetlands along the coasts of Cyprus is evidence to support this observation. Hence there is little reason that Cypriots, acting from their own perceived self-interests, would wish to allocate scarce water supplies for the provision of habitat for these migratory species. The allocation of water to wetlands by Cyprus will require that other considerations be brought into the equation. There is a significant body of international and EU law dealing with the thorny problem of the conservation of migratory species. At the root of this body of law is the recognition of the inadequacy of local incentives as a recurring problem. Regional cooperation has long been recognized as a necessary ingredient in the resolution of these problems....

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