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<p>This book will help us to correct the harmful effects of strategies and policies adopted in the past and pursue management practices that will safeguard the ecological balance of the region and provide livelihood security for the indigenous people who are dependent on forests. Forests provide essential social environmental and economic value to people around the world. However the economic and practical benefits gained from extracting raw materials for goods from forests are often at odds with the social and especially the ecological services forests provide. Conservation is necessary to ensure forests are able to provide these essential services for generations to come but management of forest resources is also required to meet global demand for goods and employment. Forest management expenditures which are made in the expectation of creating benefits at some time in the future are best viewed as investments. This opens up opportunities for using standard investment analysis techniques to rank projects competing for scarce funding. The use of these techniques lets forest managers evaluate alternative strategies and select the one which will contribute the most to the achievement of management goals. This book is intended to provide forest resource managers with an introduction to benefit-cost analysis and its potential use in forest</p><p>management. This book is expected to benefit the researchers general readers and policy makers for policy implication.</p>
