| Abstract: | The drafters of water legislation in the developing countries are faced with two major challenges: first, to make the law a suitable instrument for promoting social investment in the development of water resources; and second, to devise machinery which will protect those resources in all their different forms. This paper addresses those challenges. It also discusses the ways in which the law deals with the problems of water and the pollution of water resources. The concept of economic externalities is of basic importance in any consideration of both of these questions. The goal is to handle them with legal instruments designed to prevent individuals from taking action which affects the welfare of other users or which impedes the conservation of water resources for the purposes of their development and long-term utilization. |
