Water is increasingly recognized as a scarce resource that must be managed more efficiently than in the past. In addition to physical scarcity, the cost of accessing these resources is climbing. This publication explores institutional frameworks in three case studies of long-standing and successful water markets. These cases demonstrate the common features and essential elements of water markets. They also show how to design markets that consider the local institutional, social, and political conditions and how to integrate those markets into existing water resource management arrangements. The papers are written for practitioners interested in how water markets operate, for decisionmakers faced with the challenge of selecting a water resource allocation system, and for academics interested in analytical-descriptive case studies that provide information on how to conceptualize the functioning of water markets from an institutional perspective.

Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity.

Water scarcity is an increasing problem in many parts of the world, yet conventional supply-side economics and management are insufficient to deal with it. One of the key water management options for water demand is water trading. This book explores the role of water trading, as an instrument of integrated water resources management.

This study evaluates the performance of financial markets in rural areas of Romania based on the 1998 rural household, rural enterprise, and financial intermediary surveys, along with other official statistical data for 1997. It presents empirical evidence indicating that constrained access to credit markets negatively influences the investment behavior of households and enterprises. The report recommends a detailed government strategy to correct the observed shortcomings of rural financial markets and identifies new challenges that are likely to appear.

Annotation The main objective of this report is to outline key policy issues that need to be addressed in order to achieve energy sector reform at the national and regional levels.

The main focus of this paper is to assess household welfare in Albania, describe the labor market, and evaluate the equity and efficiency of public expenditures on cash benefits and education. This report provides a benchmark against which future welfare developments of the population can be measured. It also includes a statistical annex.

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