Circular economy of the region: Theoretical aspect

Abstract

The economy of Ukraine’s regions is based on a linear model of production and consumption. This does not allow saving resource potential. The socio-economic paradigm of the use of resources in the state, developed for their preservation and mutual renewal, is the circular economy. Currently, a lot of attention is focused around the circular economy, as a new socio-economic doctrine of increasing the efficiency of resource use. The purpose of the article is to study the tools for the implementation of the circular economy, to determine the requirements for the transformation of the current economic system to adapt the cyclical reuse of raw materials. The method of theoretical knowledge, generalization, analysis, synthesis, modeling was used in the research process. The article reveals the essence of the concept of “circular economy” and offers its own definition of this concept as a way of economic development, where the value of products, materials and resources is preserved as long as possible, and waste is significantly reduced or even eliminated. The implementation of the circular economy model, which is based on the R-principles of its implementation, is considered. Therefore, the regional circular economy puts forward a more rational approach in the context of resource management. However, it also requires mass systemic transformations in the regions. Important for the implementation of the circular economy is the creation of urgent management conditions, as well as economic factors. It is substantiated that the main areas of development of the circular economy of the region are construction, mobility and transportation, food, products and services. The advantages of implementing the circular economy of the region are outlined. The scientific value of the work lies in the improvement of the concept of circular economy by the method of its implementation in the economic structure of a specific industry

Keywords

• cyclicity
• circular economy
• region
• circular economy model
• advantages