Circular Economy can Provide a Sustainable Global Society

Dr Haradhan Mohajan ()

Journal of Economic Development, Environment and People, 2020, vol. 9, issue 3, 38-62

Abstract: Since the start of the Industrial Revolution about 260 years ago, the negative effects of the traditional linear economy (LE) have become a threat to the stability of the economies and natural ecosystems. The strength of climate change, reduction of environmental pollution, and integrity of ecosystems are essential issues for the survival of global humanity. According to LE resources for production are easily available and unlimited, and after use wastes are disposable. The circular economy (CE) is an alternative to the LE where the resources may be used for as long as possible. It tries to capture the value of existing products and materials and decreases the use of primary materials in industries. The CE is a part of environmental economics and beneficial to society. It keeps products, components, and materials at their highest utility and maximum value at all times. At present, CE is one of the most focused terms among environmental economic scientists. The aim of this study is the implementation of sustainable development strategies and the transition from LE towards CE.

Keywords: Circular economy; Economic growth; Recycling; Reuse; Reduction; Sustainable development; SWOT analysis (search for similar items in EconPapers)
JEL-codes: A1 O1 P2 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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Working Paper: Circular Economy can Provide a Sustainable Global Society (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:sph:rjedep:v:9:y:2020:i:3:p:38-62

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