Economic Aspects of Water Resources Management
North, Ronald M.
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Active water resources management, as seen by analysts, managers, hydrologists and others, causes many changes in economic and environmental benefits and costs. These changes may be positive or negative to society or to different groups and individuals. The benefit-cost analysis has been an integral part of the planning process for surface water management for some 80-90 years. The benefit-cost model was developed first in response to its need in surface water project development by the Federal Government over a 50 year period of initiatives and compromises among the Congress, the Executive Branch and the Federal construction agencies. This tool and other economic too1s have not yet been widely applied in the management and development of water resources at the state or local level of government, particularly in Georgia. This is partly because the hydrologic, engineering and economic data are not well develed for state water resources projects. Also, water resources, as used and managed by state and local governments, have not been subject to the same competing demands and allocation systems as surface waters developed by the Federal Government.