Economy
Logging boat in the Sundarbans Ferry boat in the SundarbansThe Sundarbans plays an important role in the economy of the southwestern region of Bangladesh as well as in the national economy. It is the single largest source of forest produce in the country. The forest provides raw materials for wood based industries. In addition to traditional forest produce like timber, fuelwood, pulpwood etc., large scale harvest of non wood forest products such as thatching materials, honey, bees-wax, fish, crustacean and mollusk resources of the forest takes place regularly. The vegetated tidal lands of the Sundarbans also function as an essential habitat, produces nutrients and purifies water. The forest also traps nutrient and sediment, acts as a storm barrier, shore stabilizer and energy storage unit. Last but not the least, the Sunderbans provides a wonderful aesthetic attraction for local and foreign tourists.
The forest also has immense protective and productive functions. Constituting 51% of the total reserved forest estate of Bangladesh, it contributes about 41% of total forest revenue and accounts for about 45% of all timber and fuel wood output of the country (FAO 1995). A number of industries (e.g. newsprint mill, match factory, hardboard, boat building, furniture making) are based on the raw materials obtained from the Sundarbans ecosystem. Various non-timber forest products and plantations help generate considerable employment and income generation opportunities for at least half a million poor coastal population. It also provides natural protection to life and properties of the coastal population in the cyclone prone Bangladesh.
Read more about this topic: Sundarbans
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)