ABSTRACT

In the global market economy, everything is now up for sale, even areas of life once considered sacred, such as health and education, culture and heritage, genetic codes and seeds, and natural resources, including air and water. The dominant development model of the time is economic globalization, a system fueled by the belief that a single global economy with universal rules set by corporations and financial markets is inevitable. In the age of economic globalization, governments have abandoned their responsibilities to act in the public interest or the common good, and increasingly, the rights of corporations supersede those of citizens. One of the prime driving forces behind transnational corporations and the expansion of the global economy has been the "growth imperative", and in recent years, people have begun to recognize that this principle is on a collision course with Nature itself. Water privatization generally occurs in several forms. However, the privatization schemes are generally financed through governments and public institutions.