Dr Clive Thomas

The extractive forest sector’s production under-performance

Introduction As I have opined before, the microeconomic information supplied in last Sunday’s column, depicting employment levels within the extractive forest sub-sector, generally conforms to what might have been anticipated, given the weak, erratic, and declining economic returns exhibited by the sub-sector, when analyzed from a macroeconomic/national accounts perspective, for the decade 2006-2015.

Development imperatives for the extractive forest sub-sector

Regrettable underperformance Readers would have no doubt readily gleaned from the subject matter which was addressed in last Sunday’s column, whether it was a boon for Guyana or a regrettable loss as I had represented it, for a country of its size, vulnerability, and poverty, which was also exceptionally well endowed with forest resources, to be seemingly boastful of its historically comparative low deforestation rate.

The forest structure operations behind Guyana’s low deforestation rate

On-going series The recent media release by ExxonMobil to the effect that the findings of its second offshore well (Liza 2) appear to confirm the substantial size of Guyana’s potential oil and gas reserve, presents me with a welcome opportunity to remind readers that my recent columns on Guyana’s extractive forest sub-sector are directly linked to an ongoing series dedicated to evaluate Guyana’s future as an intensive natural resources extraction-dependent economy, in the coming time of large-scale oil and gas production and export.

Is the global community driving the agenda for Guyana’s forests?

Although in my ongoing presentation of these articles on Guyana’s forests it has not been so far singled out for attention, it should be clear from last week’s contribution that the international forest agenda is directly driving much of the agenda items framing Guyana’s forests and land use policies, as the country goes forward.