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to balance the search for new understanding and the short-term economic benefits of
management.
Currently, the main challenge to achieving efficient adaptive management remains to
provide within existing institutional arrangements, sufficient flexibility and the capacity to
close the feedback loop between system monitoring, modeling and scientific analysis,
stakeholder participation and iterative decision-making. As this is accomplished, it will
enable water resources management to shine through the lenses of economic efficiency,
social equity and environmental sustainability.
7. References
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