This paper reviews the nature of technological changes in forestry and the forest industries and their impacts on forest conservation and deforestation. While noting that technological changes have made available substantially more forest products to consumers, with higher quality and/or at lower prices than would otherwise have been possible, not all impacts have been positive. The authors take a long-term perspective of how changes in technologies, markets and transportation are likely to affect the management and conservation of tropical forests. The paper defines a research challenge to direct and harness science and innovation towards increasing the productivity of forests and reducing the environmental costs associated with forest industries and products.