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Eco-Industrial Park - A Tool For Sustainable Development

Author

Listed:
  • BUGNAR NICOLETA GEORGETA

    (University of Oradea,)

  • MESTER LIANA EUGENIA

    (University of Oradea,)

Abstract

Local communities embracing the concept of Eco-industrial park are looking for some additional benefits for all the interested parties â€" both public and private: higher economic efficiency, the increase of competitivity by applying last minute technologies, generation of additional revenues through positive regulations at the community level, the creation of jobs, solving the conflict between economy and environment, diminishing the demand on the county infrastructure, decreasing the effects of pollution, using energy from regenerating sources and replacement materials. Communities and enterprises creating Eco-industrial parks will have common grounds for industrial development, which is much more competitive, more efficient and much cleaner than traditional industrial parks. Moreover, the new business niches will be open to recruitment or new incubators. Eco-industrial parks represent a special category compared to industrial parks, a category which is different from the classical ones due to the fact that they are designed in such a way so that they promote the collaboration between companies in order to reuse recyclable materials and green energy sources. A long-term vision must reflect the focus on the creation of collaboration networks between firms and the fact that an Eco-industrial park should be a business community, not only a mathematical sum of companies located in the same geographical area. The quality, continuity and interconnection of economic flows within the firms of an Eco-industrial park are important characteristics for the success of Eco-industrial networks. The following discussion tackles the way in which an Eco-industrial park is set-up: creating and implementing an Eco-industrial park in accordance with the principles of circular economy or transforming an already existing industrial park into an Eco- industrial park. The quality, the continuity, the number of interconnected firms, the flows of resources and the relations between the firms are success factors within Eco-industrial networks. The successful cases â€" especially those in the USA or the Northern countries â€" have proved that Eco parks engage a multitude of entities, from regional/local authorities to non-governmental organizations; in these entitiesâ€(tm) action the objectives and actions of the firms; management overlap with those of the community management

Suggested Citation

  • Bugnar Nicoleta Georgeta & Mester Liana Eugenia, 2013. "Eco-Industrial Park - A Tool For Sustainable Development," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 82-88, July.
    • Handle: RePEc:ora:journl:v:1:y:2013:i:1:p:82-88
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    References listed on IDEAS

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    More about this item

    Keywords

    eco-industrial park; resources; circular economy; local community ; sustainable development;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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