3.4 Flashcards
What percentage of the World consumes private water as of 2015
17%
What were the social consequences of the rise in the price of water in Cochabamba following the privatisation of the water supply there
Cochabamba’s poor had the choice of either paying 20% of their wages for water or feeding their children, This resulted in 4 days of riots and 170 casualties
Why does only 20% of La Paz’s population have an active connection to water supplies
Most cannot afford to pay $450 per month on average wages of £17
What was the condition given by the World Bank to Bolivia for renewing its $25bn
Privatise its water supply
What effect does placing a charge on water have on demand
It makes people more conscious about water usage and reduces demand as a result
After water supply was privatised in Cochamamba, how often did locals have access to water
2 hours a day and 3 days a week
How many people have been excluded from the private water supply in La Paz, Bolivia
200,000
What factors are necessary in order for privatisation to work
Lots of companies to create competition
Regulation to ensure citizens aren’t being overcharged
Prominent media toe expose corruption
What factors are necessary in order for public sector to work
Government investment to ensure it remains efficient. The sector should also be democratic (i.e. so the people don’t get ignored) and transparent
Which player is increasingly more responsible for making decisions about the water access
TNCs
Are IGOs such as the World Bank in favour of making water supply public or privatising it
Privatising
What was the name of the TNC that took over Cochabamba’s water system in 1999
Agua del Tunari, a subsidiary of US owned TNC Bechtel
Why did Agua del Tunari raise water prices
To pay for a major dam project and to ensure a 16% profit margin
What American think tank claims that “water is far too important to human health to be placed entirely in private hands”
The Pacific Institute
What type of good is water classed as by NGOs such as WaterAid and Oxfam
A public good - should be managed by national governments