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The circular economy: An opportunity for renewal, growth, and stability
Author(s) -
Esposito Mark,
Tse Terence,
Soufani Khaled
Publication year - 2017
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.21912
Subject(s) - circular economy , scarcity , face (sociological concept) , natural resource , business , sustainable growth rate , resource (disambiguation) , economics , economic system , industrial organization , market economy , computer science , ecology , sociology , finance , social science , computer network , biology
Though governments and research institutions are giving more consideration than ever to the regenerative prospects of the circular economy, efficient solutions are still in need. A perfunctory look at the numbers shows some unsustainable and troubling math. It has been estimated that growing global consumer demands will require the natural resources of two Earths by the year 2030. Creating a circular economy that can meet those demands in the face of resource scarcity requires more than creating products from recycled plastic or building sustainable homes and offices.