scholarly journals The perspective of SMEs on the challenges of the circular economy in the 21st century Hungary

Abstract As the world is facing numerous global ecological issues at once, the question arises of what will help mitigate and solve contemporary matters related to resource management or climate change without devastating the economies. Fortunately, the widespread application of the circular economy would help countries worldwide simultaneously ensure economic growth without significant environmental deterioration, essentially decoupling the two factors. While Hungary’s contribution to environmental problems is not significant in absolute terms, the economic sector’s circular transition could help the country decrease its impact in relative terms and pave the path for a green economy. Nevertheless, companies, especially SMEs, tend to struggle the most with the initial phases of the shift thus it is crucial to assess the factors that prevent and support their transition.

Author(s):  
James Karmoh Sowah Jr. ◽  
Derviş Kırıkkaleli ◽  
Sema Yılmaz Genç

The chapter gives a detailed description of concept and limitation of “circular and green economy” within the framework of Mediterranean region. It begins with an introduction of concept of circular and green economy, which explores transformation from a linear economy (i.e., “traditional take-make-waste model”) to the circular economy. It then describes the concept and theoretical foundation of the circular and green economy before giving a detailed comparative description of its practical economic and business rationale within the Mediterranean Region and the world at large. To make this chapter approachable to readers of various abilities, the chapter gives detailed description with the aid of tables and figures. Besides, previous financing info is included before providing policy recommendations that if implemented could offer a significant boost to a greener inclusive economic growth in the Mediterranean region and the world at large.


2021 ◽  
Vol 7 (167) ◽  
pp. 28-33
Author(s):  
S. Burlutska ◽  
D. Krasovsky

At present, the totality of global environmental and economic threats and challenges has put the world economic science in front of the need to find a new way of developing the world economy. The new model of economic growth must satisfy two main criteria: firstly, to find a qualitatively new direction of growth, and secondly, to ensure the preservation and improvement of the quality of the environment for human life, that is, to ensure new economic growth without negative consequences for the environment. Many modern scientists see the solution of these problems in a relatively new direction in the economy, which has existed for just over 30 years - the "green" economy. Their opinion is shared by leading politicians and civil servants of the world's economic powers. The directions of the "green" economy system are considered: introduction of renewable energy sources; improvement of the waste management system; improvement of the water resources management system; development of "clean" transport; organic farming in agriculture; energy efficiency in housing and communal services; conservation and effective management of ecosystems. As a result of the analysis, key ones were identified directions in which the green economy is moving, systematized basic support tools that divided into price and non-price, in more detail characterized by price with the separation of financial tools that experts focus on international organizations for sustainable development. The main elements of the state are defined green growth strategies and analyzed the situation harmonization of the influence of developed countries on the development of "green" economy. An understanding of the essence and description of the goals of "green" technologies is proposed, which implies work not with the consequences, but with the causes of environmental problems. Considered the "green" experience of developed countries and global companies. In conclusion, the author emphasizes that the concept of a "green" economy is an innovative development project, but to achieve sustainability it is necessary to use the experience of other companies. One of the main problems was noticed, this is the use of pseudo environmental friendliness by companies for their own commercial purposes.


2021 ◽  
Vol 255 ◽  
pp. 01034
Author(s):  
Inna Khomenko ◽  
Marina Vuychenko ◽  
Maryna Gomeniuk ◽  
Yurii Mazur ◽  
Oksana Haidai

The world ecological problem of waste accumulation, environmental pollution and the need to develop a circular economy are described. The aim of the article is to show the advantage of using a circular economy in the management of the national economy. It is substantiated that resource management should radically change from a linear model of accept-use-dispose to a more stable, circular model. It is proved that the principles of circular economy are not based on the management of material and waste flows, but on more valuable methods, such as maintenance, recycling and reuse. Different models of circular economy and their shortcomings are considered. Based on practical world experience in implementing the concept of circular economy, 5 main circular business models are identified. It has been established that circular supply chains that minimize waste and seek to reuse, repair and recycle where waste cannot be prevented should be more sustainable than the linear systems they replace. It was found that in the absence of effective resource management, the current environmental situation will lead to fatal consequences, which confirms the need for public administration to ensure the use of a circular economy.


2017 ◽  
Vol II (1) ◽  
pp. 44-56
Author(s):  
Haseeb Ur Rehman Warrich ◽  
Muhammad Rehman ◽  
Sahrish Jamil

No other element impacted the historical conditions of the preceding 100 years to such an extent as the war to secure and control the world's reserves of petroleum. Sustainable economic growth after 1873, that discouraged British Empire, arose mechanical economies in Europe. Central Asia remained the object of rivalries and machination by the giant countries of the Europe. World Domination Games started from Pillage Games that lead towards many “Games” such as Great Game, New Great Game, Game Changer and New Game Changer. All prefect countries desire to have a control over the world for the last two centuries. Their efforts turn into numerous clashes and clashes led towards wars. In the twentieth century wars transformed not only their names but also their genetics that has profound impact on the 21st Century. This laid foundation of the emerging new superpowers in every century.


2022 ◽  
pp. 1965-1983
Author(s):  
Aakriti Mathur ◽  
Kanwal Deepinder Pal Singh

The world is presently facing a climate catastrophe of its own making through the unabated increase in greenhouse gas emissions. Global consumption patterns are to blame, as presently, the global annual demand for resources outpaces the annual rate of the earth's ability to regenerate those resources. Thus, there is an urgent need to reduce the global demand for resources to a sustainable level, through the adoption of a circular economy. Individual consumption behavior habits form the basis of global consumption patterns, and therefore, adoption of sustainable consumption habits and lifestyles are necessary for addressing the climate crisis. In this chapter, the authors assess the potential for addressing the climate crisis through the adoption of a circular economy and sustainable consumption behavior. The authors also evaluate the extent of adoption of sustainable consumption behavior in India and make recommendations for adopting a circular economy in India.


2020 ◽  
Vol 12 (11) ◽  
pp. 4738 ◽  
Author(s):  
Idiano D’Adamo ◽  
Paolo Rosa

Climate change has determined the deterioration of the ecosystem, but some politicians deny this evidence. There is a relationship between sustainability and resilience, and COVID-19 has demonstrated that life can change quickly. Social and economic disaster share a close bond. Can the realization of a great plan for infrastructure support the planet’s rebirth? This is the key role of the green economy.


This chapter will delve on modern approaches to city making (eco-cities, sustainable cities, resilient cities, etc.) explaining their basics and complexity. Additionally, the demands that changing solutions place on the architects, urban planners, and other city designers will be explained. The scope should be treated as the introduction to the circular economy approach; it will also cover other development attitudes where a city was not the initial prime element even if urban planning became one of the main issues during later phases of development. Such attitudes can be traced in the mid-20th century policy making with the car transport being the leading development attitude but having a wide impact on the solutions used in most cities. It will also explain when the urbanization process became part of this economic approach. The chapter will include principles of the modern initiatives in various parts of the world and consider existing movements allowing for a more sweeping coverage.


Author(s):  
Alison J. Bruey

Chile was one of the first countries in the world to undergo a transition to neoliberalism. Neoliberalism became official state policy in 1975, during the Pinochet dictatorship (1973–1990), during which time it generated two deep economic crises and historicall high unemployment. Since 1990, civilian administrations have continued to administer the neoliberal model, popularly referred to as el modelo, with selective reforms. Despite economic growth and reductions in poverty rates since 1990, el modelo has become ever more controversial. In the 21st century, public protest has increased as broad sectors of society negatively affected by the privatization of education, healthcare, and pension systems, among other ills, have organized collectively to express their discontent.


2017 ◽  
Vol 8 (1) ◽  
pp. 1-22 ◽  
Author(s):  
Wullianallur Raghupathi ◽  
Viju Raghupathi

In this article, the authors use analytics to explore the association between economic growth and climate change at a country-level. They examine different indicators to better understand the macro issues and guide policy decision-making. The authors analyze global economic growth and climate change using the World Bank data of 131 countries and 16 indicators for the period 2005 to 2010. The analysis shows overall economic growth is positively associated with climate change. This implies country leaders should design and implement structured development plans if they are to promote economic growth to alleviate poverty while simultaneously mitigating climate change.


2012 ◽  
Vol 524-527 ◽  
pp. 3361-3364
Author(s):  
Jia Yi Huang ◽  
Yi Hui Huang

As we enter the 21st Century, various countries in the world are faced with many challenges, such as overpopulation, shortage of resources and environmental deterioration. Developing recycle economy is one of the important ways to realize sustainable development. The purpose of recycle economy is to insure circulation utilization of resources and positive conversion of ecosystem on the premise of keeping economic development. Its mechanism should be "Government instructs, Enterprise acts, Society participates, Markets operate". Enterprise is the subject of economy, so the development of recycle economy must be put into effect in enterprises. In this paper, how to advance enterprise to develop recycle economy by carrying out environmentally friendly manufacturing methods and the relationship between government and enterprise in Game Theory are discussed. The thesis also provides some suggestions for government to promote the development of recycle economy.


Sign in / Sign up

Export Citation Format

Share Document