Virtual Water
-
0:02 - 0:06The concept of virtual water refers
to the practice of trading commodities -
0:06 - 0:08which themselves contain water.
-
0:09 - 0:13It's not always easy to trade water
from one country to another. -
0:13 - 0:14For one thing, the water itself
-
0:14 - 0:17may be difficult to transport
in large quantities. -
0:17 - 0:20Furthermore, there may
be political obstacles -
0:20 - 0:23when one country sells
its water supply to another country. -
0:23 - 0:26Domestic citizens don't always like that.
-
0:26 - 0:28But then think about wheat.
-
0:28 - 0:29Wheat contains water.
-
0:29 - 0:33For instance, it can be that up to
1300 liters of water go into -
0:33 - 0:35growing a kilogram of wheat.
-
0:35 - 0:38So, if one country is trading wheat
to another country, -
0:38 - 0:41in essence, that country
is also trading water. -
0:43 - 0:46In the Middle East, some countries
have much more water than others. -
0:46 - 0:49For instance, Lebanon is a relatively
water rich country -
0:49 - 0:51by the standards of the region.
-
0:51 - 0:55So ideally, Lebanon could be trading
more of its water resources -
0:55 - 0:59to other Middle Eastern countries
in the form of agricultural products. -
0:59 - 1:03This doesn't always happen, of course,
because there is not free trade in the region -
1:03 - 1:06and many countries in the region
prefer to be self-sufficient. -
1:06 - 1:09Of course, this desire for
self-sufficiency -
1:09 - 1:13is usually backed very strongly
by the domestic agricultural lobbies. -
1:14 - 1:16The bottom line is this.
-
1:16 - 1:18Sometimes, the most
efficient way to trade water -
1:18 - 1:21is to trade it in the form of a tomato.
- Title:
- Virtual Water
- Description:
-
Virtual water refers to the practice of trading commodities that contain water. It's oftentimes not easy to trade water from one country to another because of various political obstacles and because it is difficult to transport water. But, consider that a country trades wheat, and up to 1,300 liters of water go into growing a kilogram of wheat. In essence, that country trades water.
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- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Other videos
- Duration:
- 01:31
Joyce Roberts edited English subtitles for Virtual Water | ||
Michel Smits edited English subtitles for Virtual Water | ||
Michel Smits edited English subtitles for Virtual Water |