Challenges of the circular economy for sustainable growth in developing countries
DOI:
https://doi.org/10.63618/omd/ssjm/v2/n1/25Keywords:
circular economy, developing countries, sustainable growth, structural barriers, linear consumptionAbstract
The current linear economic model, based on the logic of extraction, production, consumption and waste, has generated a worrying depletion of natural resources and an increase in environmental pressure, especially in developing countries. This problem has highlighted the urgent need to move towards sustainable alternatives such as the circular economy, which proposes closing production cycles through reuse, recycling and redesign. This study adopts a qualitative and exploratory approach based on a literature review of scientific literature indexed in Scopus and Web of Science, with the objective of identifying and analyzing the challenges faced by these economies in the adoption of this new paradigm. The main findings include structural barriers such as insufficient infrastructure, weak environmental regulations and lack of financing, as well as socio-cultural conditioning factors related to low environmental education, the predominance of informal recycling and linear consumption habits. It is concluded that the transition to a circular economy requires profound institutional reforms, public and private investment, and a sustained cultural change to achieve sustainable, resilient and inclusive growth.
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Copyright (c) 2024 Lobaco-Quintana, Patricia, Inga-Morán, Kerly Verónica, Palacios-Estrada, Michelle Catherine, Herrea-Villegas, Joselyn Jahayra (Autor/a)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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