Bioeconomy as a Complex Adaptive System of Sustainable Development
Mariusz Maciejczak
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Mariusz Maciejczak: Faculty of Economic Sciences, Warsaw University of Life Sciences SGGW, Poland
Journal of International Business Research and Marketing, 2017, vol. 2, issue 2, 7-10
Abstract:
The bioeconomy is widely understood as an economic system that combines in a synergic way both natural resources and technologies, together with markets, people and policies. There are established links between old industries traditionally based on natural resources and new ones those previously had no direct relations. As a result, one industry utilizes the by-products of another very often closing the loop of circularity. The paper describes this system in a dynamic perspective, as a complex adaptive system. Complexity results from the inter-relationship and inter-action of systems elements and between a system and its environment. Based on the empirical evidences from the European Union it is argued that bioeconomy as a platform networking several branches of economy could adapt to the changes that take place in the environment.
Keywords: Bioeconomy; Complex Adaptive Systems; Renewable resources (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:jibrme:v:2:y:2017:i:2:p:7-10
DOI: 10.18775/jibrm.1849-8558.2015.22.3001
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