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Privatization of Forests

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Privatization of Forests
There are few legal and business practices which have caused as much controversy and public outcry, as privatization of forests. Other than the Ocean, forests are maybe the most important system to sustain life on this planet. Forests regulate weather, neutralize ecosystems and sustain life to the cellular level. So why would anyone privatize forests? In a nutshell, proponents of forest privatization argue that the resources are not being fully exploited. They argue, many neighboring nations and people are living in poverty and could achieve higher level of living with appropriate resources to unlock the full potential of Forests. In the following pages, we will identify the unique legal circumstances that allow this to happen, and look the issue of Forestation more in depth.

If Forests such are to be managed in a way that not only makes the locals better off, but creates growth opportunities for the government and private enterprises, why not go ahead and do it? Critics claim this is all bogus. They claim that by opening up the possibility of private business, this is all about the bottom line of the elite, and getting rich of something that belongs to everyone.

Truth is that the reason privatization of forests is gaining steam across the world, is because there is now enough evidence to sufficiently conclude that productive deforestation is not advancing at a fast enough pace. (Brown C, Valentine J. 1992) Deforestation (defined as “the permanent destruction of indigenous forests and woodlands for either productive or non-productive use”) by staying in most government entities (with a few exceptions such as New Zealand) is actually doing more harm than good by not achieving its potential.

Forests have essential economic and ecological benefits within themselves. They offer opportunities to extract wood, wood products and ecotourism among others. These commercial products and opportunities come side by side with employment prospects and

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