The World Economic Forum recently named water crisis the world’s number one risk for the next 10 years for its potential impact on people and industry. Indeed, as the global community grapples with climate change – and environmental change of all kinds – understanding the fundamental nature if water to human society is crucial. The input report for this year’s World Water Week, released yesterday by the Stockholm International Water Institute, in fact argues that getting water management right is a prerequisite for sustainable development.

While it is intuitively clear that economic growth is related to water security – understood here as both water availability and also exposure to water-related risks such as drought and floods – there has been very little empirical evidence of this relationship to date.

Last week, the United Nations concluded one of the last negotiations on the road to adopting the Sustainable Development Goals in September. We’ve entered the home stretch of a process that has taken more than two years, bringing governments, civil society organizations, and communities together to define the development goals and targets that UN member states will be expected to aim for over the next 15 years.

Earlier this month, the United Nations released a final report on the Millennium Development Goals (MDGs), the framework that has guided global development efforts for the last 15 years. The document examines each of the eight MDGs and finds that “despite many successes, the poorest and most vulnerable people are being left behind.” As one of the first global poverty reduction movements nears its end, the report calls for better data collection practices to create a post-2015 development agenda that can overcome the MDG’s shortcomings.

Food and water are tied to one another fundamentally. But in addition to their biophysical relationship, human systems intervene, whether through pricing schemes and trade agreements or shifting patterns in consumption and taste.