Global interest in forest conservation, biodiversity preservation, and non-timber values has risen while pressures on the forest as a source of income and employment have also increased. These demands are often conflicting, making forest planning, allocation and policy formation very complex. This volume explores theoretical and applied issues surrounding forest resource allocation. The book is divided into three main subject areas: tropical forests - environment, economics and trade; non-timber valuation - theory and application; and ecosystem management. The first of these focuses on tropical forests, reflecting the fact that global environmental concerns surrounding these regions are often in conflict with local economic objectives. The second section examines non-timber values, which are important in planning and policy decisions, but are also very controversial. The third group of chapters consider ecosystem management, a concept that promotes the use of forest harvesting practices that mimic natural disturbance patterns. Overall, the book will be of interest to readers in forestry and environmental economics.