The log export restriction policy and the development of forest industries in the Philippines

Abstract

Every country aims towards development particularly of its economy. Many of the early theories viewed industrialization as the key element in economic development as it was thought to provide high productivity, high capital and high technology, hence it promised high incomes. The history of the developed countries of today showed a close association between development and industrial expansion. Australia, Canada, USA, Sweden and other developed countries including the oil-exporting countries, for instance, have attained high standards of living based mainly on the production and export of food and raw materials, and/or in other terms, on the expansion of their industrial sector (WB Report, 1987). Hence, it was thought that the developing countries could follow what the developed countries have done. Show more