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S2Between 1970 and 1986, hardwood log exports increased by 102 percent, hardwood lumber exports by 329 percent, hardwood veneer exports by 442 percent, and hardwood plywood exports by 61 1 percent. Much of this increase has been for white and red oak products in the European and Asian markets. The factors influencing these increases include increased cost of tropical and European hardwood products, rapid growth in European and Asian economies, and an emerging furniture industry in Taiwan. Given the ample supplies of temperate hardwood timber in the United States relative to the rest of the world, continued demand for U.S. hardwood products seems likely. However, the increase in this demand will be contingent on the value of the dollar against European and Asian currencies, growth in foreign economies, furniture production technology, and foreign consumer acceptance of substitute materials.S3.
Originally published in 1994, The Economics of the Tropical Timber Trade provides a detailed analysis of the economic linkages between the trade and forest degradation. Based on a report prepared for the ITTO, it looks current and future market conditions at the time of publication, and assesses the impacts on current and future market conditions, and assesses the impacts on tropical forests of both the international timber trade and domestic demand. The authors examine the causes of deforestation and compare the environmental impacts of the timber trade with other factors, such as the conversion of the forests to agriculture. Finally, they assess the national and international trade policy options, and discuss the potential role of interventions in the international timber trade in promoting efficient and sustainable use of forest resources. The book will be of interest to those concerned with forest management and policy, trade and environment, and with the economics of conversation and resource use.