| Abstract: | ABSTRACT: A number of recent investigations have attempted to determine whether or not a relationship exists between water resource investment and economic growth. Reasons for the disparity in the conclusions of these investigations are examined. The degree of balance in an investment strategy may be a primary cause of the disparity in the conclusions and in determining the extent to which investment in water resources induces economic growth. Providing definitions of balanced and unbalanced investment strategies that involve water development is complicated by the polarity associated with the terms and the wide spectrum of possible components in an investment strategy. Interpretations of the polar concepts of balance and imbalance are provided and form a basis for examining the potential role of water resource development in an investment strategy and the ability of water investment to induce economic growth. |
