Circular Economy in Emerging Countries: A Systematic Literature Review of Challenges and Solution Strategies for Sustainability

Appin Purisky Redaputri () and Pratiwi Dwi Suhartanti
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Appin Purisky Redaputri: Universitas Gadjah Mada, Department of Management, Faculty of Economics and Business
Pratiwi Dwi Suhartanti: Universitas Gadjah Mada, Department of Management, Faculty of Economics and Business

A chapter in Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), 2024, pp 123-151 from Springer

Abstract: Abstract A circular economy is an economic model that aims to generate economic growth by maintaining the value of products, materials and resources in the economy for as long as possible, thereby minimizing social and environmental damage caused by a linear economic approach. The implementation of a circular economy is important to implement in developing countries. If implemented effectively, the circular economy can help organizations and society as a whole move towards more sustainable and environmentally friendly consumption and production patterns. Existing literature does not yet provide comprehensive knowledge about the circular economy in emerging markets that explains the challenges and strategic solutions for sustainability. This study uses PRISMA methodology to systematically review 56 peer-reviewed research articles on the circular economy in developing countries. We expect this systematic literature review can contribute significantly by giving strategic solutions for the impact of circular economy in emerging countries towards a more sustainable and inclusive economy. Various theoretical and practical implications will be generated in this research.

Keywords: Circular Economy; Economic Growth; Sustainability (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-522-5_10

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DOI: 10.2991/978-94-6463-522-5_10

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