Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 12, Issue 3
Written by Dumitru Florin FRONE, Simona FRONE, Mirela STOIAN
As we try to point out again in this paper, water is one of the most important and scarce environmental resources, with some particular characteristics that raise serious challenges for a good management and sustainable development. First we define the concept of Water Demand Management, as a part of a Sustainable Water Management, along with stating some of its main recent political and economic issues and objectives in the European Union. Here, agriculture has been identified as a major sustainable water management issue in the implementation of the Water Framework Directive (WFD). The scarcity of the water resource has become a concern only in more recent studies, reflecting the shift from the engineering perspective of increasing supply to satisfy demand, to the economic perspective of also managing demand through price to efficiently allocate the existing quantity of water supply. Therefore, as a first conclusion, economists should try to find the best theoretical and practical approaches to deal with these challenges, expressing awareness on the fact that water is no longer a free public good, but a rare and valuable economic good.