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Siren Song by Carl J. Carl J. Bauer

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CHAPTER 5

CONCLUSIONS ANDLESSONS ABOUTTHE CHILEAN EXPERIENCE

Chile has now had more than 20 years of experience with the world's most pure free-market water law, and this experience offers valuable lessons for both national and international water policy reforms. The Chilean model of water rights and water resources management is important because it is such a paradigmatic example of the free-market approach to water law and economics, and thus the Chilean experience is relevant to the broader international water policy issues described at the beginning of this book.

As discussed in Chapter 1, since the early 1990s there has been increasingly urgent international debate about a global water crisis. Growing demand and competition for water resources ...

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