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Circular Economy as a New Stage of Economic Development

In: Circular Economy - Recent Advances, New Perspectives and Applications

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  • Rossitsa Chobanova

Abstract

The chapter is devoted to understanding circular economy as a new stage of economic development, which is aimed to respect limited quantity of water, soil, clean air and ecosystem services, strongly connected to the new global social tensions, and how to achieve this stage. The literature survey has shown the current concepts for circular economy discuss new usage of resources, but not who and how will provide such changes. That is why it is suggested application of the Hegelian doctrine for economic development which is answering similar (we mean social) to the above questions - how to get freedom and society consolidation in market economy, suggesting state regulation of market economy. Consequently such regulation is needed to overcome the social tensions strongly connected to limited quantity of resources, vital for the future of society. Taking this doctrine as a theoretical background, it is assumed each new stage of economic development is characterised by different content of goals, subject and means for achieving the goals. The applicability of the notion circular economy is a new stage of economic development is tested and approved by demonstrated contemporary changes in policies for economic development, taking place in the European union, by recently changed and achieved goals of its development.

Suggested Citation

  • Rossitsa Chobanova, 2021. "Circular Economy as a New Stage of Economic Development," Chapters, in: Tao Zhang (ed.), Circular Economy - Recent Advances, New Perspectives and Applications, IntechOpen.
    • Handle: RePEc:ito:pchaps:217714
    DOI: 10.5772/intechopen.94403
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    File URL: https://www.intechopen.com/chapters/73969
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    Cited by:

    1. Rossitsa Chobanova, 2021. "The new stage of economic development," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-31,32-60.

    More about this item

    Keywords

    circular economy; economic development; Hegel; theory; measure;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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