High Quality Content by WIKIPEDIA articles! The commodification of water refers to the process of transforming water from a public good into a tradable commodity also known as an economic good. This transformation introduces water to previously unencumbered market forces in the hope of being managed more efficiently as a resource. The Commodification of water has increased significantly during the 20th century in parallel with fears over water scarcity and environmental degradation. Central to its emergence was the view that public provision of water and government regulation of environmentally damaging behaviour was ineffective. Commodification has its theoretical roots in neoclassical discourse whereby a good or service is assigned an economic value which prevents misuse. The Commodification of water, although not a new phenomenon, is considered part of a more recent market based approach to water governance which provokes both approval and disapproval from a range of stakeholders....

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