The ‘circular economy’ (CE) concept is fast becoming a new model for resilient growth. A circular economy is one in which products and materials are recycled, repaired and reused rather than thrown away, and in which waste from one industrial process becomes a valued input into another.
The CE offers a promising alternative strategy for industrial development and job creation to the traditional manufacturing-led growth pathway. The CE continues to be understood primarily as a waste management and recycling strategy, but the economic opportunities are far broader and more diverse.
Developed-country governments have an important role to play in facilitating a meaningful dialogue on how the international dynamics of CE policies may best be managed.
[ > Chatham House — May 22, 2019 ]
