Circular Economy can Provide a Sustainable Global Society

Dr Haradhan Mohajan ()

MPRA Paper from University Library of Munich, Germany

Abstract: Since start of the Industrial Revolution about 260 years ago, the negative effects from the traditional linear economy (LE) become threat to the stability of the economies and natural ecosystems. Strength of climate change, reduction of environment pollution and integrity of ecosystems are essential issues for survival of the 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 the 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 the 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: D6 D61 E1 (search for similar items in EconPapers)
Date: 2020-01-10, Revised 2020-02-10
New Economics Papers: this item is included in nep-ene, nep-env and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Published in Journal of Economic Development, Environment, and People 3.9(2020): pp. 38-62

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/103272/1/MPRA_paper_103272.pdf original version (application/pdf)

Related works:
Journal Article: Circular Economy can Provide a Sustainable Global Society (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:103272

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().