PROSPECTS AND GLOBAL TRENDS IN THE DEVELOPMENT OF THE CIRCULAR ECONOMY
DOI:
https://doi.org/10.55640/Keywords:
circular economy; sustainable development; resource efficiency; institutional regulation; green finance; technological innovation; ESGAbstract
The article provides a systemic analysis of global trends in the development of the circular economy. The transition to circular models is examined as a complex institutional process driven by the interaction of government regulation, technology, and finance. Based on a comparative analysis of the experiences of the EU, Japan, China, and India, the key drivers and barriers to circular transformation are identified. It is established that the effectiveness of the transition depends on the maturity of the regulatory framework and the minimization of the “rebound effect.” The scientific contribution of the study lies in justifying the need to integrate circular principles into macroeconomic policy to ensure long-term competitiveness and sustainable development.
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