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	Podcast:		Asia's Developing Future
	Episode:		A crisis is coming in trade and water, part 2
	Category:		Government & Organizations
	Duration:		00:19:49
	Publish Date:		2018-03-14 18:08:37
	Description:		Water may be saved through trade provided it moves from countries that use water wisely to those lacking water, as a coming water crisis—driven by climate change, neglect of infrastructure, and misguided policies—threatens global economic growth in countries struggling to develop, and in developed countries. Savings don’t refer to the volume of virtual water of the imported product, but to the volume of water the importers would have required to produce the same quantity of product. Globally, savings represent on average 10% of the 352 cubic kilometers of global freshwater used each year. Most virtual water goes into agricultural exports rather than industry, and is heavily subsidized to make them competitive. There is no recognized way to price water, so it reflects demand and supply, and water, both surface and groundwater, is underpriced. The reality is that water resources are becoming more expensive to exploit, and this is not reflected in the price of a final product. Read the transcript http://bit.ly/2IqaFzt Read the book https://www.adb.org/publications/win-win-how-international-trade-can-help-meet-sdgs About the speaker Alexandre le Vernoy is a consultant at Groupe d’Economie Mondiale. Know more about ADBI’s work on trade http://bit.ly/2oTzgng http://bit.ly/2D3NTJH
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