ARCHIVES

Research Article

To Study the Role of Forest –Based Industries in Promoting Trade

Ramanand Mishra1 Dr. Basanti Mathew Merlin2
1Asst.professor, Commerce &Management, St. Mary’s P.G. College Vidisha, Madhya Pradesh, India. 2Head, Department of Commerce, Ravindranath Tagore University Bhopal, India.

Published Online: January-February 2024

Pages: 26-31

Abstract

Since the prevailing business model is based on capturing comparative advantages at the right cost, the forest products industry has made strong efforts to open up to global trade. In many emerging countries, forests are valued, processing industries seek more employment, and raw materials seek additional value (Lash, J., & Wellington, F. (2007)). In the forest products industry, international investors are willing allies; however, they wish to ensure the macroeconomic climate is predictable, transparent fiscal incentives are in place, and there is an abundance of labor - and preferably a sustainable wood supply from the beginning. The domestic market should be dynamic in order to attract foreign investments since many emerging economies have bustling urban markets that lack high-quality forest products.

Related Articles

2024

Matrix Representation of Graph Theory in Hydrocarbons

2024

A Review of Development of Chemical Sensors

2024

Towards Detection and Attribution of Cyber Attacks in IoT Enabled Cyber-Physical Systems

2024

Implementation of Waste Management System

2024

E-Ticketing for Public buses

2024

Evaluation of Anthelmintic Activity of Caesalpinia Pulcherrima Leaf Extract by In-Silico and In-Vitro Studies

Share Article

X
LinkedIn
Facebook
WhatsApp

Or copy link

https://ijrtmr.com/archives/10.59256/ijrtmr.20240401005

*Instagram doesn't support direct link sharing from web. Copy the link and share it in your Instagram story or post.