TRANSFORMING CURRENT ECONOMY IN CIRCULAR ECONOMY – FRAMEWORK IN THE EUROPEAN UNION

Georgiana Chitiga
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Georgiana Chitiga: Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania

Journal of Financial and Monetary Economics, 2016, vol. 3, issue 1, 193-199

Abstract: The research aims at the necessity of giving up “procurement, production, consumption, and elimination” type of economies to the detriment of “reuse, repair, reconditioning, and recycling” type. The analysis is meant to present and emphasize that, currently, to be competitive means to properly use resources, ensure their productive reuse, as well as assuring the reduction/ elimination of waste deposits. The transition to a circular economy has the opposite effect of linear on, with increased prosperity, and, above all, the future of human existence. It is a primordial and major necessity, but it will not happen without correct policies. EU intends to transform circular economy into reality and in order to achieve this goal, it is necessary to limit the environmental impact, improving, at the same time, the economic well-being.

Keywords: circular economy; current pressures; proposals (search for similar items in EconPapers)
JEL-codes: A11 O10 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:3:y:2016:i:1:p:193-199

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