UDC: 330.33:[338.4:502.174](510)
BBC: У012.331(5Кит)
Efremova M.P., Efremov N.A., Cherdakov S.P.
Closed-Loop Economy – Development Priority
Keywords: concept of circular economy, principles of circular economy, economization, experience of the People's Republic of China, structure of the China's circular economy, “ecological civilization”, principles of “ecological civilization”
The paper analyzes theoretical foundations of the concept of the closed-loop economy, reveals the principles of the circular economy using the example of the steel industry, and studies the experience of the People's Republic of China in “greening” the economy, considers the consequences of economization for the China's ecosystem and the main provisions of the China's “ecological civilization”, and gives the structure of the China's circular economy. The purpose of the study is to analyze the implementation of the concept of a circular economy in the steel industry using the example of the Chinese economy. Materials and methods. The paper analyzes the theoretical basis of the concept of sustainable development and circular economy. Based on the study of statistical data, information presented on the official websites of organizations, a review of scientific literature, the practice of applying the principles of closed-loop economy in the steel industry was revealed, and the main areas of its implementation in the development of the Chinese economy were studied. To achieve this goal, the following methods were used: synthesis, analysis, comparison, generalization. The results of the study. The paper considers the sustainable development of the world economy through the prism of implementing a “green” economy course, in achieving the goals of which the concept of a closed-loop economy (circular economy) is applicable. Based on the analysis of approaches to defining the term “circular economy”, the principles of the concept of “circular economy” are revealed in detail: reduction, recovery, reuse and recycling. Today, the leading industry in implementing this approach is the steel industry, and China is demonstrating noticeable results in implementing circular economy approaches. These served as the basis for revealing the practice of implementing the concept of “circular economy” using the experience of the PRC. In this regard, the concept of “ecological civilization” of the country under study, which is focused on smoothing out the consequences of the economization of the Chinese economy, is considered, the regulatory framework for “greening” the Chinese economy and the structure of the circular economy of this country are given. Conclusions. Achieving sustainable development of any economy involves the introduction of the principles of “green” economy, which is implemented also through the concept of a closed-loop economy. Depending on the specifics of the industry, the introduction of elements of the circular economy is carried out at different rates and on different scales. The experience of the world's leading economies, for example, that of China, confirms that the creation of an "environmental initiative" should become a strategic necessity for the socio-economic development of any country in the world. “Green” turn of the global economy will lead to significant changes in its structure, which will certainly be of interest to the scientific community in terms of tracking its trends and forecasting possible scenarios for further development.
References
- Avdeeva I.L., Adamenko A.A. Tekhnologii tsirkulyarnoi ekonomiki: otechestvennyi i zarubezhnyi opyt [Technologies of the circular economy: domestic and foreign experience]. Vestnik Akademii znanii, 2023, no. 54(1), pp. 10–16.
- Batalov Yu. Problemy razvitiya «zelenoi ekonomiki» [Problems of development of the «green economy»]. Zelenaya ekonomika – budushchee chelovechestva: materialy Mezhdunar. nauch.-prakt. konf. [Proc. of Int. Sci. and Pract. Conf. «Green economy is the future of humanity»]. Ust’-Kamenogorsk, 2014, рр. 24–40.
- Val’ko D.V. Tsirkulyarnaya ekonomika: ponyatiinyi apparat i diffuziya kontseptsii v otechestvennykh issledovaniyakh [Circular economy: conceptual apparatus and diffusion of the concept in domestic research]. Ekonomika i ekologicheskii menedzhment, 2019, no. 2, рр. 42–49.
- Vegner-Kozlova E.O. Ekologo-industrializatsiya kak faktor konkurentosposobnosti ekonomiki [Eco-industrialization as a factor in the competitiveness of the economy]. Vestnik YuRGTU (NPI), 2018, no. 6, рр. 38–46.
- Deklaratsiya tysyacheletiya Organizatsii Ob”edinennykh Natsii. [«United Nations Millennium Declaration».]. [Rules for the Citing of Sources]. Available at: https://ifap.ru/ofdocs/un/md.pdf (Accessed Date: 2024, Feb. 27).
- Zakharova T.V. «Zelenaya» ekonomika kak novyi kurs razvitiya: global’nyi i regional’nyi aspekty [«Green» economy as a new course of development: global and regional aspects]. Vestnik Tomskogo gosudarstvennogo universiteta, 2011, no. 4(16), pp. 28–38.
- Kovalev Yu.Yu., Stepanov A. Pereosmyslenie sotsial’nogo razvitiya v antroptsene: ekonomicheskii rost i ekologicheskaya transformatsiya Kitaya. [Rethinking social development in the Anthropcene: economic growth and environmental transformation of China]. Izvestiya Ural’skogo federal’nogo universiteta, 2018, vol. 13, no. 2(176), рр. 121–135.
- Kuz’minykh N.A., Akhmetova K.M. Problemy v sfere ekoinnovatsii v Rossiiskoi Federatsii. [Problems in the field of eco-innovation in the Russian Federation]. Ekonomika i upravlenie, 2019, no. 6(150), рр. 26–30.
- Mel’nik L., Khens L. Sotsial’no-ekonomicheskii potentsial ustoichivogo razvitiya: Praktikum. [Socio-economic potential of sustainable development: Workshop]. Sumy, 2007, 335 р.
- Nechaeva E. Rol’ sotsial’noi laboratorii i Quadruple Helix modeli v perekhode Samary na tsirkulyarnuyu ekonomiku. [The role of the social laboratory and the Quadruple Helix model in Samara’s transition to a circular economy]. Vestnik sovremennykh issledovanii, 2018, no. 8.2 (23), рр. 60–62.
- Pakhomova N., Rikhter K., Vetrova M. Perekhod k tsirkulyarnoi ekonomike i zamknutym tsepyam postavok kak faktor ustoichivogo razvitiya [The transition to a circular economy and closed supply chains as a factor in sustainable development]. Vestnik Sankt-Peterburgskogo universiteta, 2017, no. 5, рр. 244-268.
- Serbulova N., Sivolapenko E., Panosyan S. Aktual’nost’ perekhoda ot lineinoi k tsirkulyarnoi modeli ekonomiki. [The relevance of the transition from a linear to a circular model of the economy ]. Ekonomist goda 2016: sb. st. III Mezhdunar. nauchno-prakticheskogo konkursa [Economist of the Year 2016: collection of articles of the III International Scientific and Practical Competition]. Penza, 2016, рр. 60–65.
- Stel’makh N.Yu. Ekonomika i upravlenie resursosberezheniem. [Economics and management of resource conservation]. Bobruisk, BF BGEU, 2010, 126 p.14. Syun’yue L. Put’ Kitaya k nizeouglerodnoi ekonomike v 2020-2025 gg. [China’s path to a low-carbon economy 2020-2025]. Innovatsii i investitsii. [Innovation and investment]. 2023, №. 3, pp. 37-40.
- Titova N.Yu., Grekhova V.V., Kudrik A.M. Ponyatiino-kategoriinyi apparat kontseptsii tsirkulyarnoi ekonomiki[Conceptual and categorical apparatus of the concept of a circular economy]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2021, vol. 10, no. 3(36), pp. 372–375.
- Dusan K., Eugen D., Stoianov А., Dénes P. International Experience, Principles and Conditions for the Transition to a «Green Economy». Available at: https://www.e3s-conferences.org/articles/e3sconf/pdf/2018/16/e3sconf_iims2018_04023.pdf.
- Geissdoerfer M., Savaget P., Nancy M.P. et al. The Circular Economy – A new sustainability paradigm? Journal of Cleaner Production, 2017, vol. 143, 757–768. DOI: 10.1016/j.jclepro.2016.12.048.
- Geng Y., Doberstein B. Developing the circular economy in China: Challenges and opportunities for achieving’leapfrog development. International Journal of Sustainable Development & World Ecology, 2008, vol. 15(3), pp. 231–239. DOI: 3843/SusDev.15.3:6.
- Kirchherr J. et al. Barriers to the circular economy: evidence from the European Union (EU). Ecological Economics, 2018, vol. 150, pp. 264–272. DOI: 10.1016/j.ecolecon.2018.04.028.
- Murray A., Skene K., Haynes K. The circular economy: an interdisciplinary exploration of the concept and application in a global context. Bus. Ethics., 2017, vol. 140(3), pp. 369–380.
- Wen C.F., Zhao Y.L., Liang R.Z. Recycle of low chemical potential substance. Conserv. Recyc, 2007, vol. 2, pp. 475–486. DOI: 10.1016/j.resconrec.2006.10.011.
- Yuan Z., Bi J., Moriguichi Y. The circular economy: A new development strategy in China. Journal of Industrial Ecology. 2008, vol. 10(1-2), pp. 4-8. DOI:1162/108819806775545321.
- Zhu Q., Geng Y., Sarkis J., Lai K. Evaluating green supply chain management among Chinese manufacturers from the ecological modernization perspective. Transportation Research Part E Logistics and Transportation Review). 2011, vol. 47(6), рр. 808–821. DOI:1016/j.tre.2010.09.013.
About authors
- Efremova Marina P.
- Candidate of Economics Sciences, Associate Professor, Department of Economic Theory and International Economic Relations, Chuvash State University, Russia, Cheboksary (mp.cherdakova@yandex.ru; ORCID: https://orcid.org/0009-0007-1826-7028)
- Efremov Nikolay A.
- Candidate of Economics Sciences, Head of the Department of Economic Theory and International Economic Relations, Chuvash State University, Russia, Cheboksary (e1515@mail.ru; ORCID: https://orcid.org/0009-0004-5719-7147)
- Cherdakov Sergey P.
- Post-Graduate Student, Department of Economic Theory and International Economic Relations, Chuvash State University, Russia, Cheboksary (ekf2021@yandex.ru; )
Article link
Efremova M.P., Efremov N.A., Cherdakov S.P. Closed-Loop Economy – Development Priority [Electronic resource] // Oeconomia et Jus. – 2024. – №2. P. 26-42. – URL: https://oecomia-et-jus.ru/en/single/2024/2/3/. DOI: 10.47026/2499-9636-2024-2-26-42.
