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Trends in a Global Circular Economy

Author

Listed:
  • Roleders Viktoriia

    (PhD in Economics, Associate Professor, West Ukrainian National University 37, Honty Street, Vinnytsia, 21000, Ukraine, Phone No.: +380675091500)

  • Oriekhova Tetyana

    (Doctor of Economics, Professor, Vasyl’ Stus Donetsk National University 21, 600 Anniversary Street, Vinnytsia, 21021, Ukraine)

  • Sysoieva Inna

    (Doctor of Economics, Associate Professor, West Ukrainian National University 37, Honty Street, Vinnytsia, 21000, Ukraine)

Abstract

The article analyzes the indicators and dynamics in a global circular economy. The methodological bases of the study are the fundamental provisions of the closed-loop economy model. Structural-functional method, historical and logical method, comparative analysis, intuitive forecasting, graphical and tabular, method of induction and deduction are used in the article. It is revealed that the development of the circular economy model is characterized by such trends as the responsibility of packaging companies for the final life of materials; development of chemical processing on a commercial scale; material footprint reduction by reducing the level of household, enterprises and the other economic agents’ consumption. It is proved that the introduction of the circular economy model will help to increase GDP and average employment and to reduce greenhouse gas emissions. It has been established that the European Union’s Ecodesign Directive, the Environmental Management and Audit Scheme (EMAS), the Environmental Choice Program, the TCO Certified, etc. play an important role in encouraging business and the public to take environmental issues into account.

Suggested Citation

  • Roleders Viktoriia & Oriekhova Tetyana & Sysoieva Inna, 2022. "Trends in a Global Circular Economy," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 44(2), pages 176-184, June.
    • Handle: RePEc:vrs:mtrbid:v:44:y:2022:i:2:p:176-184:n:5
    DOI: 10.15544/mts.2022.18
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    References listed on IDEAS

    as
    1. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    2. Brian Chi-ang Lin, 2020. "Sustainable Growth: A Circular Economy Perspective," Journal of Economic Issues, Taylor & Francis Journals, vol. 54(2), pages 465-471, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    circular economy model; extended producer responsibility; greenhouse gas emissions; material footprint; trends;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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