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COUPLED NATURAL AND ECONOMIC SYSTEMS; THE ROLE OF EFFICIENT WATER RESOURCE MANAGEMENT IN ECONOMIC RECOVERY

IWRA 2021 Online Conference One Water, One Health
Theme 3: What opportunities lie in the improved cooperation between water, food, and public health sectors?
Author(s): Afolayan Juwon Samuel

Afolayan Juwon Samuel

Kwara State University, Nigeria/ World Youth Parliament for Water, Nigeria

 



Keyword(s): Economic Potential, Management, Production, Recovery, Water
Poster:

Abstract

The global economic system is built on production, distribution and con sumption; all of which are sustained by the availability of essential resources. Water remains the single most important resource that has multiple
applications in driving the economy either as a raw material in production, a resource for the production of other raw materials, medium of processing industrial products or the medium for the distribution of final products.

Available data show that the global population increases steadily and so are the demand for the products that are needed for human sustenance, but this development has been welcomed with exacerbating climate change, rapid urbanization, disease epidemiology and industrialization; all of which further dwindle the availability of economically significant resources. The applicability of water in many industries and processes makes its highly significant in the pathway to global economic recovery, though this feasibility has been further worsened by the emergence and resurgence of COVID-19. Efficient management of the available water resources for direct or indirect application offers a suitable potential in the global economic recovery focus, this will be accomplished by provoking rapid sectoral development, stabilizing product production coupled with reduced human imposed disasters which always record massive impacts.

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