The Worldwide Economic Impact Of Bamboo

In a previous article, I touched upon some of the thingsventure.
that make bamboo a highly desirable source of woodCompared to other forms of wood, bamboo is very
flooring that have nothing to do with flooring. In thislow maintenance. It requires little in the way of weeding
article, I would like to expand on that theme to makeor other activities - it is already a grass, and it will
the argument that bamboo is a very special resourcedominate grasses around it. Therefore it is a product
that provides many economic benefits to emergingthat can be grown with limited resources, equipment
countries throughout the world.and knowledge.
Bamboo creates jobs and economic prosperity forBamboo is not just important to developing countries
people in countries that lack the resources orlike the Philippines. According to UNIDO (the United
infrastructure of more developed countries. In someNations Industrial Development Organization), Bamboo
countries, such as the Philippines, sugar has been vitalaccounts for nearly one-eighth of India's total forest
to the economy for years. It is a primary export thatland - or 10 million hectares (one hectare equals slightly
these countries rely heavily on as a source of jobs. Soless than two and a half acres). Industrial usage in India
it comes as very bad news to some countries thatfor bamboo is, understandably, high, as it is used in the
they are running out of sugar. That's where bamboopaper industry, construction, and energy. More recently,
steps in.more consideration and urgency is being given to the
Bamboo grows easily in many different environments,use of bamboo in the manufacture of finished
and it is a strong substitute crop for sugar. Whereproducts, which will likely result in continuing growth in
sugar once grew, the people can now grow bamboothe Indian bamboo market.
for use in construction and other purposes. It has beenBamboo is also a heavy crop in China, the country that
shown that it is more profitable for countries to exportranks number one in terms of bamboo acreage.
bamboo in a processed state rather than as a rawBamboo grown in China is used in the creation of craft
product, so this has resulted in the construction ofand construction products, industrial and paper
plants and other processing facilities to turn the rawproducts, food, medicine, and juices/wines. It adds
bamboo into a more final product. So jobs are beingenormous value to the Chinese economy while helping
created that relate both to the growing of bambooChina preserve its forests by harvesting an easily
and to the processing of the bamboo.renewable resource, rather than cutting down trees.
A problem developing countries have is funding theBamboo is a crop that will continue to play an
operations to grow and harvest bamboo. It isimportant role in the economies of emerging countries
estimated that a new bamboo plantation reachesfor years to come. It provides opportunity to people
profitability in five years or less, but lenders inwho need jobs, and it protects the environment by
less-developed countries do not like to lend money toproviding a resource that grows much quicker than
enterprises that will not show very quick profitability.trees. So the next time you are shopping for
However, compared to the many years it takes tohardwood flooring for your home, consider bamboo.
grow and harvest hard wood, bamboo is a less riskyThe economic impact of the decision runs deep.