Titlebook: Against the Current: Privatization, Water Markets, and the State in Chile; Carl J. Bauer Book 1998 Springer Science+Business Media New Yor

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,Bringing Water Markets Down to Earth: Water Rights Trading in Practice, 1980–1995,ults of the water market during its first fifteen years. Chilean water markets have enjoyed good press recently, shining in the reflected glow of the country’s dynamic economic growth. Influential voices within Chile and in the World Bank have praised the Water Code as a model of successful neoliber

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Conclusions, lessons for other countries interested in water markets and privatized water rights. The most general lesson is that market mechanisms can do some things well and others poorly-that markets are not automatic or self-regulating but depend on their social, institutional, and geographic contexts. In C

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