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This lecture by the instructor delves into the economic value of nature, emphasizing the importance of water in the production process of goods and services. It explores the concept of virtual water and its role in international trade, highlighting the impact of water availability on demographic growth and global water unbalance. The lecture also discusses the challenges posed by water scarcity, population growth, and climate change, pointing out the potential strategies to mitigate these effects and enhance water security. Various case studies and research findings are presented to illustrate the complex interplay between water resources, food production, and societal well-being.