Description - The Global Economics of Forestry by William F. Hyde

This book traces the economic and biological pattern of forest development from initial settlement and harvest activity at the natural forest frontier to modern industrial forest plantations. It builds from diagrams describing three discrete stages of forest development, and then discusses the management and policy implications associated with each stage--supported with examples and data from six continents. Characteristic biological and economic distinctions between the three stages make forestry unusual in the management of natural resources and require different, even contrasting, decisions for effective policy in each stage. Hyde discusses general tax, payment, and regulatory impacts of both direct forest policies and broader macroeconomic policies within each stage of development, once more calling on examples from both developed and developing countries. He continues with specific attention to the modern topics of global warming, biodiversity, tourism and forest recreation, watershed management, and sustainability--and the unique data and policy requirements of each.
Concluding chapters review the specialized locations, economic and natural situations, and roles of the different forest industries (lumber, pulp and paper, etc.), of the newer institutional landowners, of smaller private and farm landowners with their varied objectives, and of public agencies. This unmatched volume reaches far beyond the growing field of forestry economics; it explains what forestry can do to regional development and environmental conservation and what external policies in other sectors and the macro-economy can do to forestry.

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