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NEW ECONOMIC DEVELOPMENT PATTERN: FROM A LINEAR TO A CIRCULAR ECONOMY, A CHALLENGE FOR EU’S ECONOMY

Journal: International Scientific Journal "Internauka" (Vol.1, No. 23)

Publication Date:

Authors : ;

Page : 20-23

Keywords : Circular economy; linear economy; resources; EU; Russia; new industrial revolution; economic growth ? value creation; GDP; closing the loop; efficiency; price volatility; externalities; finance;

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Abstract

The endless global crisis which is continuing to have enormous effects in many economies, in particular in the EU, open a wide debate regarding the necessity to rethink our economic model based on the paradigm “take-make-dispose”, in order to garantee a stable,efficient ans sustanable growth. The new model individuated is that of “circular economy” based on the paradigm of reuse the existing resources by closing the production loop. Such model will garantee saving of resources, economic growth, reduction of negative externalities and inderectily geoeconomic and geopolitic stability.

Last modified: 2017-03-03 20:17:13