The Potential role contribution and value of forest resources to Malaysias high income drive

Yeah Kim Leng RAM Holdings Bhd. Mid Valley City Lingkaran Sye, . and Tee Choon Hwa Global Environment Centre Petaling Jaya Selang, . (2010) The Potential role contribution and value of forest resources to Malaysias high income drive. [Proceedings Paper]

In transforming itself from an agriculture-based including forestry and fisheries to a manufacturing-driven economy and from a low to medium income country over the last four decades Malaysia has been able to avoid the resource curse that afflicted many resource-rich countries. As the strive to developed status continues along with the Inevitable shift to the services sector this paper explores the potential role contribution and scope for leveraging on the countrys forest resources to achieve its high-income drive but with an outcome that would be different from present-day developed nations where forest lands typically account for between 10-30 of. the total land area compared to a projected 50-60 for Malaysia. To contribute to the attainment of the nations high Income goal by 2020 it is estimated that the forestry sector has to expand by 5.5 annually. The value added contribution and the steady-state land use equilibrium are by no means certain. It is argued that integrated forestry sector policies and strategies need to factor in the expected rise in socio-economic environmental and ecological values of tropical forest resources especially in the face of global forest resource depletion threat of global warming and the expanding demand for natural resources in the large emerging economies. Given that the full benefits and costs of forest use have not been captured in the present system of measuring economic production and growth the early adoption of natural resource accounting under the United Nations System of Environment and Economic Accounting SEEA would provide policy relevant information for optimizing the integrated use and management of the countrys forest resources.

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Abstract

In transforming itself from an agriculture-based including forestry and fisheries to a manufacturing-driven economy and from a low to medium income country over the last four decades Malaysia has been able to avoid the resource curse that afflicted many resource-rich countries. As the strive to developed status continues along with the Inevitable shift to the services sector this paper explores the potential role contribution and scope for leveraging on the countrys forest resources to achieve its high-income drive but with an outcome that would be different from present-day developed nations where forest lands typically account for between 10-30 of. the total land area compared to a projected 50-60 for Malaysia. To contribute to the attainment of the nations high Income goal by 2020 it is estimated that the forestry sector has to expand by 5.5 annually. The value added contribution and the steady-state land use equilibrium are by no means certain. It is argued that integrated forestry sector policies and strategies need to factor in the expected rise in socio-economic environmental and ecological values of tropical forest resources especially in the face of global forest resource depletion threat of global warming and the expanding demand for natural resources in the large emerging economies. Given that the full benefits and costs of forest use have not been captured in the present system of measuring economic production and growth the early adoption of natural resource accounting under the United Nations System of Environment and Economic Accounting SEEA would provide policy relevant information for optimizing the integrated use and management of the countrys forest resources.

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Item Type:	Proceedings Paper
Additional Information:	4 tables; 4 ill. 3 ref
AGROVOC Term:	Valuation
AGROVOC Term:	Forest resources - Malaysia
AGROVOC Term:	economic production
AGROVOC Term:	Economics”Sociological aspects
Geographical Term:	MALAYSIA
Depositing User:	Ms. Suzila Mohamad Kasim
Last Modified:	24 Apr 2025 05:14
URI:	http://webagris.upm.edu.my/id/eprint/11478

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