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Water Collection, Treatment and Supply as an Essential Service and Engine for Sustainable and Resilient Development in Post Pandemic Period. Economic Performance vs Social Responsibility

Author

Listed:
  • Maria-Zenovia Grigore

    (Faculty of Economics and Business Administration „Nicolae Titulescu” University from Bucharest)

  • Răzvan Vasile

    (Postgraduate student, Master’s program “Accounting management, audit and accounting expertise”, Faculty of Economics and Business Administration „Nicolae Titulescu” University from Bucharest)

Abstract

Communities are becoming active partners in economic development, and increasing the quality of life is the main expectation of locals. Water supply is essential for any activity, in the business environment or at the household level. In addition, the quality of the water supplied and the price can influence the health of the inhabitants. As an essential resource during the pandemic, water distribution was one of the facilitators for observing the restrictions and maintaining the conditions of hygiene and self-protection. Using quantitative and qualitative data on the availability and efficient use of local drinking water services, in our study we found that, as an essential service, the role of water distribution companies is to find a balance between supply and demand closing the gap of market deficit at the local level and to promote the increase of social profit but not only of monetary profitability. Based on the enterprise statistics, we highlighted the economic and financial performance of the Romanian companies compared to those from other EU-27 member countries, we identified the performance adjustment factors and we formulated some policy recommendations that would allow a sustainable and resilient development during post pandemic.

Suggested Citation

  • Maria-Zenovia Grigore & Răzvan Vasile, 2022. "Water Collection, Treatment and Supply as an Essential Service and Engine for Sustainable and Resilient Development in Post Pandemic Period. Economic Performance vs Social Responsibility," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(2), pages 53-66, December.
    • Handle: RePEc:ntu:ntugeo:vol10-iss2-53-66
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    References listed on IDEAS

    as
    1. Julie Wilk & Anna Jonsson, 2013. "From Water Poverty to Water Prosperity—A More Participatory Approach to Studying Local Water Resources Management," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(3), pages 695-713, February.
    2. Ramnath Subbaraman & Laura Nolan & Kiran Sawant & Shrutika Shitole & Tejal Shitole & Mahesh Nanarkar & Anita Patil-Deshmukh & David E Bloom, 2015. "Multidimensional Measurement of Household Water Poverty in a Mumbai Slum: Looking Beyond Water Quality," PLOS ONE, Public Library of Science, vol. 10(7), pages 1-19, July.
    3. Simona Andreea Apostu & Valentina Vasile & Cristina Veres, 2021. "Externalities of Lean Implementation in Medical Laboratories. Process Optimization vs. Adaptation and Flexibility for the Future," IJERPH, MDPI, vol. 18(23), pages 1-22, November.
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