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European Circular Economy €“ A Real Model For The Sustainable Development Of The Economy Of The Republic Of Moldova

Author

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  • Victoria GANEA

    (Moldova State University, Republic of Moldova)

  • Iulita BIRCA

Abstract

The actuality of this study is to identify the most effective ways to overcome the resource deficit, in order to reduce the pressure on the environment, ensure sustainable economic growth and improve the living standards of the population. By analyzing the postulates underlying the development of the circular economy from an European perspective, there is outlined the aim to identify the best possibilities for their application in the national economy of the Republic of Moldova, so that it was possible to highlight certain solutions in overcoming impediments in the researched field, some of which are: moderate use of resources, socially responsible consumption, waste-free production, design of organic products and their reuse. Adopting the principles of the circular economy and developing related innovative business models, introducing new closed-cycle production technologies such as the donut model, involve not only timely and consistent modernization of legal regulation in the country and the creation of appropriate framework conditions for business, but also require new qualitative approaches of economic entities.

Suggested Citation

  • Victoria GANEA & Iulita BIRCA, 2020. "European Circular Economy €“ A Real Model For The Sustainable Development Of The Economy Of The Republic Of Moldova," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 14(24), pages 46-53, October.
    • Handle: RePEc:scm:ejafbu:v:14:y:2020:i:24:p:46-53
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    References listed on IDEAS

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    1. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
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    Cited by:

    1. Iulia Caprian & Iulita Birca & Nataliia Trushkina, 2023. "Logistical Support For The Development Of The Circular Economy," Three Seas Economic Journal, Publishing house "Baltija Publishing", vol. 4(1).
    2. Iuliu TURCAN & Rina TURCAN, 2021. "Innovations' Role And Impact In The Context Of Sustainable Development," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 17(27), pages 138-146, October.

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