OPPORTUNITIES PROVIDED BY CIRCULAR ECONOMY FOR FIRMS

Gabriela Cornelia Piciu and Alina Ailincă ()
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Gabriela Cornelia Piciu: 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, 219-225

Abstract: Today, though there are many projects at the international, regional and national level underlining the need to implement sustainable development; just a small number of them find the best manner to put this concept into practice. Thus, the implementation of sustainable development concepts can be made through circular economy. Therefore the paper presents the necessity to move from a linear model to the circular model, then a few methods of transition to circular model from linear production model. The new model of circular economy considers that the companies need to create more value by reducing the dependence on the limited resources. Taking into account the above, the paper emphasizes the importance of reconsidering the best use of resources at a time when the major risks are threatening the welfare and prosperity. Also, the indicators analysed by Europe 2020 strategy (including Program 20-20-20), highlights the importance of the switching to a different type of economy, the circular economy. Thus, this article highlights the benefits of circular economy, from the social and environmental perspectives.

Keywords: circular economy; methods of transition; benefits of clean production (search for similar items in EconPapers)
JEL-codes: F64 O34 Q57 (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:219-225

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