Abstract/Description

Throughout human history, water has been a determining factor in all human actions. In fact, it is seen that the oldest civilizations were established near rivers. There have been mutual effects between civilizations and water, and lifestyles have changed due to these effects. Today, access to usable water is becoming increasingly difficult. The water problem that arises due to some qualitative and quantitative negativities in a country is spreading to other countries with a butterfly effect under the influence of increasing globalization. This situation removes the water problem from being a local problem and turns it into a global problem. Numerous studies have been conducted from the past to the present regarding the use, access and security of potable water. The studies conducted show that if the situation of the resources cannot be improved in terms of quality and quantity, a significant part of the world may face a water problem very soon. There are many studies in the literature that defend the view that savings can be achieved by using water more effectively and efficiently on a global and regional scale. Among these, it is seen that studies on the concept of virtual water have been increasing in recent years. This concept essentially states that product flows between countries and regions because the liberalization of trade policies around the world also lead to the transfer of water resources as “buried” between the regions or countries. If the product flows in question occur from countries that are rich in water resources to countries with limited resources or relatively lower productivity rates, on the one hand, the pressure on limited resources is relieved and on the other hand, a significant amount of water can be saved. In this context, the analysis of products where water is used as an input also comes to the fore. The concept of virtual water forms the basis of this study.

Keywords

Virtual water

Location

MAV 2 room, Adamjee building

Session Theme

Innovation, Productivity and Competitiveness

Session Type

Parallel Technical Session

Session Chair

Harun Ucak, Alanya Alaaddin Keykubat University

Session Discussant

Ateeb Shah, Institute of Business Administration ; Salman Khalid, Institute of Business Administration

Start Date

10-12-2024 3:15 PM

End Date

10-12-2024 5:15 PM

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Dec 10th, 3:15 PM Dec 10th, 5:15 PM

Virtual water trade: theory and an empirical application

MAV 2 room, Adamjee building

Throughout human history, water has been a determining factor in all human actions. In fact, it is seen that the oldest civilizations were established near rivers. There have been mutual effects between civilizations and water, and lifestyles have changed due to these effects. Today, access to usable water is becoming increasingly difficult. The water problem that arises due to some qualitative and quantitative negativities in a country is spreading to other countries with a butterfly effect under the influence of increasing globalization. This situation removes the water problem from being a local problem and turns it into a global problem. Numerous studies have been conducted from the past to the present regarding the use, access and security of potable water. The studies conducted show that if the situation of the resources cannot be improved in terms of quality and quantity, a significant part of the world may face a water problem very soon. There are many studies in the literature that defend the view that savings can be achieved by using water more effectively and efficiently on a global and regional scale. Among these, it is seen that studies on the concept of virtual water have been increasing in recent years. This concept essentially states that product flows between countries and regions because the liberalization of trade policies around the world also lead to the transfer of water resources as “buried” between the regions or countries. If the product flows in question occur from countries that are rich in water resources to countries with limited resources or relatively lower productivity rates, on the one hand, the pressure on limited resources is relieved and on the other hand, a significant amount of water can be saved. In this context, the analysis of products where water is used as an input also comes to the fore. The concept of virtual water forms the basis of this study.