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A review of the circular economy and its implementation
Jönköping University, Jönköping International Business School, JIBS, Economics. Department of Economics, Sogang University, Seoul, South Korea.ORCID iD: 0000-0002-7902-4683
2017 (English)In: International Journal of Green Economics, ISSN 1744-9928, E-ISSN 1744-9936, Vol. 11, no 3/4, p. 251-284Article in journal (Refereed) Published
Abstract [en]

Circular economy (CE) is a sustainable development strategy that is being proposed to tackle urgent problems of environmental degradation and resource scarcity. CE's 3R principles are to reduce, reuse and recycle materials. This study is a review of the rapidly growing literature on CE covering its concept and current practices and assessing its implementation. The review also serves as an assessment of the design, implementation and effectiveness of CE-related policies. It first presents the concept of CE and compares it with the current linear economy. The paper then introduces current practices that have been introduced and discusses standards for the assessment of CE's development and performance. Third, based on an analysis of literature, the paper identifies the underlying problems and challenges to CE in an entrepreneurial perspective. Finally, the review provides a conclusion on CE's current development and gives policy suggestions for its future development.

Place, publisher, year, edition, pages
InderScience Publishers, 2017. Vol. 11, no 3/4, p. 251-284
Keywords [en]
circular economy; environmental policy; national development strategy; sustainable development strategy; entrepreneurial strategy.
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-38375DOI: 10.1504/IJGE.2017.089856Scopus ID: 2-s2.0-85042195286OAI: oai:DiVA.org:hj-38375DiVA, id: diva2:1171868
Available from: 2018-01-08 Created: 2018-01-08 Last updated: 2020-01-14Bibliographically approved

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Heshmati, Almas

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