CIRCULAR ECONOMY AND ECONOMIC GROWTH: A PARADIGM FOR SUSTAINABLE DEVELOPMENT
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Abstract
The circular economy (CE) is increasingly being recognized as a vital framework for achieving sustainable economic growth. Unlike the traditional linear economy, which relies on a "take-make-dispose" model, CE emphasizes resource efficiency, waste minimization, and the regeneration of natural systems. This paper explores the interrelationship between CE and economic growth, analyzing the potential of CE to decouple economic development from environmental degradation. It reviews theoretical foundations, evaluates global best practices, and outlines strategies for implementing CE in diverse economic contexts (Ellen MacArthur Foundation, 2020).
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References
Ellen MacArthur Foundation (2020). The Circular Economy: A Transformative Approach to Economic Growth. Retrieved from ellenmacarthurfoundation.org
European Commission (2021). Circular Economy Action Plan: For a Cleaner and More Competitive Europe. Retrieved from ec.europa.eu
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