Natural Resource Management and Policy

Against the Current: Privatization, Water Markets, and the State in Chile

Authors: Bauer, Carl J.

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About this book

In 1981 Chile's military government dictated a new Water Code that radically changed the country's previous water rights system by strengthening private property rights, favoring market incentives, and reducing state regulation. Against the Current: Privatization, Water Markets, and the State in Chile is the first empirical and interdisciplinary study of water markets in Chile, which is the leading international example of free market water policies.
Against the Current: Privatization, Water Markets, and the State in Chile challenges the glowing reports given by neoliberals in Chile and the World Bank, showing that the results of this economic experiment have actually been rather mixed. Within the agricultural sector the Water Code has worked fairly well, although the market incentives to conserve water have been ineffective and water rights trading has been less active than expected. The Code's impact has been more negative at the level of river basins, where the institutional framework has revealed critical flaws in coordinating multiple water users and resolving conflicts.
Against the Current: Privatization, Water Markets, and the State in Chile combines law, political economy, and geography to analyze the disadvantages, problems, and wider contexts of water markets. This book will appeal to everyone interested in property rights, market-friendly environmental policies, the political economy of sustainable development, and the intersection of economics with law and institutions.

Table of contents (6 chapters)

  • Introduction

    Bauer, Carl J.

    Pages 1-10

  • Blueprint for the Neoliberal Model: Law, Economics, and Politics in the 1980 Constitution

    Bauer, Carl J.

    Pages 11-31

  • Water Rights and the Law of the Pendulum: Legal and Political History of the 1981 Water Code

    Bauer, Carl J.

    Pages 33-50

  • Bringing Water Markets Down to Earth: Water Rights Trading in Practice, 1980–1995

    Bauer, Carl J.

    Pages 51-78

  • Private Property and River Basins: Water Use Conflicts, the Market Model, and the Courts

    Bauer, Carl J.

    Pages 79-118

Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-1-4615-6403-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-0-7923-8227-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $159.00
price for USA
  • ISBN 978-1-4613-7942-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Against the Current: Privatization, Water Markets, and the State in Chile
Authors
Series Title
Natural Resource Management and Policy
Series Volume
14
Copyright
1998
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4615-6403-4
DOI
10.1007/978-1-4615-6403-4
Hardcover ISBN
978-0-7923-8227-0
Softcover ISBN
978-1-4613-7942-3
Series ISSN
0929-127X
Edition Number
1
Number of Pages
XVIII, 164
Topics