Financialization and the Forestry Sector
DOI link for Financialization and the Forestry Sector
Financialization and the Forestry Sector book
This chapter presents an overview and discusses the effects of financialization in the forestry sector. It provides a general background on what financialization means and how it has been unfolding over the recent decades in the general organization of capitalist economies, distinguishing several major dimensions of financialization. The chapter discusses the dynamics and specificities of financialization in the forestry sector, as well as more broadly in the land-based commodity sectors including agriculture, where the process has been stronger and studied more. It shows that these major dimensions of financialization occur in forestry, through three main processes. They are: its effects on commodity markets and in particular on prices and prices volatility; its relation with changes in land ownership and the related effects; and changes in behaviors of forestry companies, with an increasing emphasis on financial activities, including through carbon forestry.