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A study found that, between 1991 and 1997 in Argentina, areas where child mortality was upwards of 26% fell to just under 8% after water was privatized, [82] because the regulations imposed on private water companies were more rigorous than their government-controlled counterparts. Along with this, development of water infrastructure in ...
At the beginning of the 19th century, most water works in the UK were built, owned, and operated by private companies. The introduction of various parliamentary regulations led to the government assuming control of the industry, with the responsibility for most (but not all) water works and sewerage systems being passed to local government by the beginning of the 20th century.
However, there were problems with privatization at this time. Water provisions were focused more towards wealthier communities and the poorer areas were sometimes ignored. Additionally, the private companies tended to focus more on profit maximization than on the quality and quantity of service provided because water is a natural monopoly ...
The private statutory water companies, which provided water to 25% of the population, escaped reorganisation and were left to operate as before. [ 5 ] With the election of Margaret Thatcher in 1979 the water and sanitation sector initially remained public, but the government attempted to make the enterprises operate more along commercial lines.
Companies providing public services such as water management, transportation, and telecommunications were rapidly sold off to the private sector. In the 1990s, privatization revenue from 18 Latin American countries totaled 6% of gross domestic product. [ 18 ]
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In some cases, private water companies also use accounting tricks to increase their profit margin. The Cour des Comptes noted that revenues from ancillary activities, such as the sale of bulk water to neighboring municipalities or electricity sales from hydropower production, are sometimes omitted from the financial reports to the ...
Pixabay/Public domain. 10. Ozarka. Ozarka is a private company operating mainly in the United States. It sells its water mostly in the South Central of the United States, including Arkansas, Texas ...