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This document addresses both pros and cons of water privatization. In the end, the consensus is anti-privatization. Alternatively, developing mutual relationships between private companies and the local governments would provide a means of check and balance.
Public or Private?
World Bank has predicted that by the year 2025, two-thirds of the world's population will have a water shortage. Currently, over 31 countries worldwide face water scarcity with over 1 billion people without access to clean drinking water for basic living and survival ("Water Privatization Overview", n.d.). As water resources grow scarcer, the struggle over the necessities of life begins the warfare over what the Fortune magazine calls the "oil of the 21st century" ("The ABCs," 2003)...
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