I must back up Electric Fetus here. Deforestation is a bad, bad idea. It is not even the best way to achieve wealth for a nation. It can briefly generate extra wealth, but will, in the long run, be a burden on that nation.
Side effects of deforestation, ironically, include both worsened floods, and worsened aridity. Rainfall is reduced, but on those rarer occasions where a lot of rain falls, there is no forest to hold back the flow of water over land, and floods, landslides, mudflows and so on lead to disaster. Erosion and loss of top soil are accelerated. Crap entering rivers and the sea can smother aquatic and marine life, and lead to a reduction in fisheries resources.
Much better to improve agricultural efficiency on existing farm lands, or develop other economic activities such as industry.
Side effects of deforestation, ironically, include both worsened floods, and worsened aridity. Rainfall is reduced, but on those rarer occasions where a lot of rain falls, there is no forest to hold back the flow of water over land, and floods, landslides, mudflows and so on lead to disaster. Erosion and loss of top soil are accelerated. Crap entering rivers and the sea can smother aquatic and marine life, and lead to a reduction in fisheries resources.
Much better to improve agricultural efficiency on existing farm lands, or develop other economic activities such as industry.