scholarly journals An Exploration of Circular Economy Practices and Performance Among Romanian Producers

2018 ◽  
Vol 10 (9) ◽  
pp. 3191 ◽  
Author(s):  
Elena Botezat ◽  
Anca Dodescu ◽  
Sebastian Văduva ◽  
Silvia Fotea
Keyword(s):  
Economic Growth ◽  
Supply Chain ◽  
Circular Economy ◽  
Global Economy ◽  
Raw Materials ◽  
The European Union ◽  
Cluster Membership ◽  
And Performance ◽  
Global Economic Growth ◽  
Protective Methods

Economic growth is the mandate of the global economy and with our planet’s population poised to reach 10 billion people, economists are searching for sustainable economic growth approaches that do not increase raw materials consumption nor deplete and damage our environment. This mandate is the heart of the Circular Economy (CE), a challenge to theoreticians and practitioners alike to continue global economic growth, but with fewer resources and protective methods for our environment. The European Union (EU) economies were early adopters of CE and are now demanding similar adoptions from its recently integrated members from the East. Romania is one of the laggard states in this transition, given its heritage and lack of economic sophistication. Our paper identifies the practices and performance of Romanian producers regarding the implementation of the CE principles, so future recommendations can be formulated. In surveying the Romanian firms, we applied a cluster analysis based on their level of green-oriented supply chain cooperation (GSCC) practices. The respondents were grouped into two clusters: “low green-oriented supply chain cooperation (GSCC) scorers” and “high green-oriented supply chain cooperation (GSCC) scorers’. The results suggest that cluster membership partially influence CE practices and fully influence CE-targeted performance.

European experience in transition to circular economy

2020 ◽  
Vol 19 (4) ◽  
pp. 598-617 ◽  
Author(s):  
S.V. Ratner
Keyword(s):  
European Union ◽  
Circular Economy ◽  
Raw Materials ◽  
Action Plan ◽  
National Level ◽  
The European Union ◽  
Scientific Methods ◽  
European Experience ◽  
General Scientific ◽  
The Eu

Subject. The article considers the concept of circular economy, which has originated relatively recently in the academic literature, and is now increasingly recognized in many countries at the national level. In the European Union, the transition to circular economy is viewed as an opportunity to improve competitiveness of the European Union, protect businesses from resource shortages and fluctuating prices for raw materials and supplies, and a way to increase employment and innovation. Objectives. The aim of the study is to analyze the incentives developed by the European Commission for moving to circular economy, and to assess their effectiveness on the basis of statistical analysis. Methods. I employ general scientific methods of research. Results. The analysis of the EU Action Plan for the Circular Economy enabled to conclude that the results of the recent research in circular economy barriers, eco-innovation, technology and infrastructure were successfully integrated into the framework of this document. Understanding the root causes holding back the circular economy development and the balanced combination of economic and administrative incentives strengthened the Action Plan, and it contributed to the circular economy development in the EU. Conclusions. The measures to stimulate the development of the circular economy proposed in the European Action Plan can be viewed as a prototype for designing similar strategies in other countries, including Russia. Meanwhile, a more detailed analysis of barriers to the circular economy at the level of individual countries and regions is needed.

scholarly journals Circular Bioeconomy Business Models to Overcome the Valley of Death. A Systematic Statistical Analysis of Studies and Projects in Emerging Bio-Based Technologies and Trends Linked to the SME Instrument Support

2021 ◽  
Vol 13 (4) ◽  
pp. 1899
Author(s):  
Fabiana Gatto ◽  
Ilaria Re
Keyword(s):  
Circular Economy ◽  
Success Factors ◽  
Business Models ◽  
Raw Materials ◽  
Action Plan ◽  
Future Perspective ◽  
The European Union ◽  
Strategic Orientations ◽  
Start Ups ◽  
Valley Of Death

Reducing the environmental pressure along the products life cycle, increasing efficiency in the consumption of resources and use of renewable raw materials, and shifting the economic system toward a circular and a climate-neutral model represent the heart of the current macro-trends of the European Union (EU) policy agendas. The circular economy and bioeconomy concepts introduced in the EU’s Circular Economy Action Plan and the Bioeconomy Strategy support innovation in rethinking economic systems focusing on market uptaking of greener solutions based on less-intensive resource consumption. In recent decades, industrial research has devoted enormous investments to demonstrate sustainable circular bio-based business models capable of overcoming the “Valley of Death” through alternative strategic orientations of “technological-push” and “market-pull”. The study highlights industrial research’s evolution on bio-based circular business model validation, trends, and topics with particular attention to the empowering capacity of start-ups and small and medium-sized enterprises (SMEs) to close the loops in renewable biological use and reduce dependence on fossil fuels. The research methodology involves a bibliographic search based on the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) approach and the European Innovation Council (EIC) Accelerator Data Hub investigation to understand SMEs’ key success factors and start-ups of the circular bioeconomy sector. Eco and bio-based materials, nutraceuticals, and microalgae represent the most sustainable industry applications, leading to circular bioeconomy business models’ future perspective.

scholarly journals Integration of Digital Economy and Circular Economy: Current Status and Future Directions

2021 ◽  
Vol 13 (13) ◽  
pp. 7217
Author(s):  
Zhen Liu ◽  
Jing Liu ◽  
Mohamed Osmani
Keyword(s):  
Circular Economy ◽  
Digital Technology ◽  
Global Economy ◽  
Digital Economy ◽  
Research Field ◽  
Research Progress ◽  
Current Status ◽  
Future Research ◽  
Disruptive Effect ◽  
The European Union

Circular economy (CE) is a concept actively advocated by the European Union (EU), China, Japan, and the United Kingdom. At present, CE is considered to grant the most traction for companies to achieve sustainable development. However, CE is still rarely adopted by enterprises. As the backbone of the fourth industrial revolution, the digital economy (DE) is considered to have a disruptive effect. Studies have shown that digital technology has great potential in promoting the development of CE. Especially during the COVID-19 epidemic that has severely negatively affected the global economy, environment, and society, CE and DE are receiving high attention from policy makers, practitioners, and scholars around the world. However, the integration of CE and digital technology is a small and rapidly developing research field that is still in its infancy. Although there is a large amount of research in the fields of CE and DE, respectively, there are few studies that look into integrating these two fields. Therefore, the purpose of this paper is to explore the research progress and trends of the integration of CE and DE, and provide an overview for future research. This paper adopts a bibliometric research method, employs the Web of Science database as its literature source, and uses VOSviewer visual software to carry out keyword co-occurrence analysis, which focuses on publication trends, journal sources, keyword visualization, multidisciplinary areas, life cycle stages, and application fields.

scholarly journals MEASURING THE PROGRESS TOWARDS CIRCULAR ECONOMY IN EUROPEAN UNION COUNTRIES

2021 ◽  
Vol 11 (1) ◽  
pp. 19-35
Author(s):  
Nicolae Pintilie ◽  
Keyword(s):  
European Union ◽  
Waste Management ◽  
Circular Economy ◽  
Raw Materials ◽  
The European Union ◽  
Future Directions ◽  
Production And Consumption ◽  
European Union Countries ◽  
Continuous Actions ◽  
Consumption Waste

This paper aims to create an image of progress towards circular economy registered by European Union countries through specific indicators. In this way, this paper is based on the study and analysis of the 13 indicators, grouped on 4 pillars: Production and consumption, Waste management, Secondary raw materials, Competitiveness and innovation. After the presentation of the methodology, the paper develops an analysis in time and space of the selected indicators, then an analysis of the countries with their grouping on clusters, creating a map of them and highlighting the current situation of circular economy in the European Union. Moreover, the paper also presents the evolution of the countries regarding circular economy, which has a big importance taking into account that in the European Union the preoccupations for this concept is higher from one period to another. Among the most interesting results are: (1) a massive concentration of countries with problems for Waste management pillar; (2) Europe is one of the regions with the largest contribution in terms of circular economy, but the concept is developing differently from one country to another; (3) The scoreboard evolution is particularly useful in revealing the continuous actions adopted by countries in order to facilitate the conversion to circular economy. Finally, the paper presents possible limits of the research, but also future directions of its development.

scholarly journals Global Outlook for 2018: Economy, Finance, and Monetary, with a Particular Case Study of Taiwan

2018 ◽  
Vol 10 (3) ◽  
pp. 133 ◽  
Author(s):  
Shyi-Min Lu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Interest Rates ◽  
Global Economy ◽  
Average Rate ◽  
The United States ◽  
Gdp Growth ◽  
Advanced Economies ◽  
Global Economic Growth

In October 2017, IMF President Christine Lagarde declared that the GDP growth of world’s economies in the first half of 2017 was up to the broadest recovery since 2010. So far, the strength of global economic growth has been enhancing. The interest rates and inflation are still at a low level. The global economy has risen from the bottom in 2016 to reach its peak since 2011. As for the degree of economic development, the emerging markets grew fastest, followed by the developing countries, while the advanced economies grew moderately at an average rate around 2%. Manufacturing PMI in major countries, such as the United States, China, the Eurozone, and even Taiwan, have increased above 50 notably in the recent years, while the non-manufacturing PMI is also above 50. Accordingly, the main purpose of this paper is to forecast the global economy in 2018, which is on the trajectory of booming with a certain degree of uncertainty. A particular case study of Taiwan’s overall economic development is presented as well.

scholarly journals Impact of globalisation on circular economy and sustainable development

2020 ◽  
Vol 74 ◽  
pp. 06018
Author(s):  
Iveta Máliková
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Circular Economy ◽  
Slovak Republic ◽  
Raw Materials ◽  
Sustainable Use ◽  
Economic Cycle ◽  
Global Issues ◽  
Europe 2020 ◽  
Globalized World

Currently, the issues related to the global threats of the environment represent a special, increasingly more significant category of global issues. The main cause of the constantly changing conditions of the environment is the economic growth itself as it is closely connected to the growth of population, satisfaction of the man´s needs and a consequent increase in consumption. With the increase in consumption, there is an increase in the use of natural resources which we perceive as a usable resource that results in the transformation of raw materials into materials being used in the production of consumer goods. The energy used in the production, together with the reusable resources, is being later returned to the economic cycle in the form of waste. However, the way we currently use resources is not sustainable. To ensure sustainable development in the Slovak Republic, as well as in the whole European Union, we need to employ resources in a more inteligent, sustainable way. It is evident that the linear model of economic growth, that we relied on in the past, does not fullfill the needs of present, modern societies in the globalized world. The transition to a circular economy seems to be an appropriate system that can provide environmentally- and economically- sustainable use of available resources, and , thereby, being able to support the main objective within the Strategy for Smart, Sustainable and Inclusive Growth - Europe 2020.

Preparing a Multi-Asset Class Portfolio for Shocks to Economic Growth

2019 ◽  
Keyword(s):  
Economic Growth ◽  
Asset Allocation ◽  
Global Economy ◽  
Economic Fundamentals ◽  
Funding Sources ◽  
Liability Management ◽  
Asset Class ◽  
Global Economic Growth ◽  
The Impact ◽  
Real Assets

This article explores shocks to global economic growth and how investors can defend against them. The authors examine the impact of such potential shocks on the asset allocation decision, asset-liability management, and funding sources. This article proposes that the global economy could be poised at an inflection point, and if a regime change occurs it would catch many portfolios off guard. Investors have experienced relatively healthy returns for the last decade, with recency bias leading many investors to creep outward on the risk spectrum. The authors remind the reader that, even in portfolios that appear to be diversified, most of the risk typically comes from equities and equity-like securities, which are greatly exposed to global economic growth risk. To address these concerns, they encourage investors to incorporate economic fundamentals and much longer time horizons into the portfolio construction calculus. Specifically, they argue that true diversification across independent sources of return is the only practical way of reducing exposure to economic growth. The asset classes providing returns independent of the equity market are nominal bonds and real assets (the latter including inflation-indexed bonds) and, for some investors, cash (usually implemented using skill-based assets with a cash-like beta). Many assets marketed as alternatives actually provide equity exposure in disguise.

scholarly journals Environment Potential and Adjusting of Gross Domestic Product to the Safe Industrial Development

2018 ◽  
Vol 41 ◽  
pp. 04001
Author(s):  
Michal Cehlár ◽  
Zou Liang ◽  
Lian Wan ◽  
Khanindra Madauri ◽  
Sergey Krysin
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Industrial Development ◽  
Raw Materials ◽  
High Tech ◽  
Negative Consequences ◽  
Resource Base ◽  
Environmental Goods ◽  
Goods And Services ◽  
Social And Economic Development

The importance of the natural resource and environmental factors in the development of the modern economy is becoming more important in the context of energy security and the quality of economic growth. This is also due to the fact that the state’s policy in increasing GDP has been adjusted to a qualitative social-and-economic development. In this regard, the quantitative measurement of the quantity and quality ratio of economic growth is relevant. The rise of the global economy as a whole and its individual territories is due to both a high-tech breakthrough and the development of raw materials industries – oil, gas, coal and metallurgy. Currently, to meet the needs of society in natural resources, environmental goods and services, ever-increasing costs are required for expanded reproduction of the mineral resource base and compensation for negative consequences resulting from the degradation of ecological systems and pollution of the natural environment.

scholarly journals Logistics and E- Logistics Management: Benefits and Challenges

2019 ◽  
Vol 8 (4) ◽  
pp. 12804-12809
Keyword(s):  
Supply Chain ◽  
Performance Management ◽  
Raw Materials ◽  
Modern Technology ◽  
Logistics Management ◽  
Modern World ◽  
Business World ◽  
Effective System ◽  
And Performance ◽  
Main Components

Logistics Management is an effective system for the companies to deliver the products to the customers at the exact place where they demands at right time with right cost. Logistics management comprises the planning, implementation and control of the flow of raw materials and finished goods from the suppliers to the customers. This study is conducted to understand the conception of logistics and its significance. This study is to show the main functions of the logistics, aim, tactics and its various components. Nowadays most of the major companies are enforced to lessen their business expenditures because of the globalization and the companies are finding ways to reduce the costs without affecting the productivity. This made them to practice a new management tactics like Supply chain management and e-logistics. E-logistics provides the idea of logistics business into the modern world through the internet and completely changes the concept of simple logistics into e-logistics. E-logistics is the most modern technology in the field of logistics which brings the whole business world into a small online eworld. This novel set of communication with better computing and collective skills changes the new logistics into a customer oriented technology by data sharing, providing information and exact statistics with the supply chain customers. E-logistics helps in managing the new challenges in the supply chain field. The main components of the e-logistics are multi-channel operations, cross-border tasks, warehouse plan and inventory, planning, estimating and performance management. This study targets to understand the main benefits and the new tasks between logistics and e-logistics.

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