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From Circular Economy To Blue Economy

Author

Listed:
  • Iustin-Emanuel, ALEXANDRU

    (Bucharest Academy of Economic Studies)

  • Alexandru, TASNADI

    (Bucharest Academy of Economic Studies)

Abstract

Addressing the subject of this essay is based on the background ideas generated by a new branch of science - Biomimicry. According to European Commissioner for the Environment, "Nature is the perfect model of circular economy". Therefore, by imitating nature, we are witnessing a process of cycle redesign: production-consumption-recycling. The authors present some reflections on the European Commission's decision to adopt after July 1, 2014 new measures concerning the development of more circular economies. Starting from the principles of Ecolonomy, which is based on the whole living paradigm, this paper argues for the development within each economy of entrepreneurial policies related to the Blue economy. In its turn, Blue economy is based on scientific analyses that identify the best solutions in a business. Thus, formation of social capital will lead to healthier and cheaper products, which will stimulate entrepreneurship. Blue economy is another way of thinking economic practice and is a new model of business design. It is a healthy, sustainable business, designed for people. In fact, it is the core of the whole living paradigm through which, towards 2020, circular economy will grow more and more.

Suggested Citation

  • Iustin-Emanuel, ALEXANDRU & Alexandru, TASNADI, 2014. "From Circular Economy To Blue Economy," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 197-203.
    • Handle: RePEc:brc:journl:v:26:y:2014:i:4:p:197-203
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    Citations

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    Cited by:

    1. Haradhan Kumar MOHAJAN, 2020. "Circular Economy can Provide a Sustainable Global Society," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 9(3), pages 38-62, September.
    2. MOHAJAN, Haradhan Kumar, 2020. "Circular Economy: An Inevitability Issue For The Sustainable Human Civilization," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 20(3), pages 23-54.
    3. Ana Cristina Pego, 2021. "Business Model for a Circular Economy based on Portuguese Offshore energy cluster," Technium Social Sciences Journal, Technium Science, vol. 19(1), pages 499-505, May.

    More about this item

    Keywords

    biomimicry; circular economy; innovation; blue economy; entrepreneurship;
    All these keywords.

    JEL classification:

    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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