BRIDGING THEORY AND PRACTICE: THE CONTESTED EVOLUTION OF THE CIRCULAR ECONOMY IN GLOBAL SUSTAINABILITY TRANSITIONS
DOI:
https://doi.org/10.31000/4xg0n485Abstract
While the idea of circular economic models has grown as a key focus of global sustainability efforts, there are still several challenges to be addressed in order to move from theory to practice. The research carried out in this study is a conceptual analysis of 120 peer-reviewed articles and policy documents (2000-2023) that analyze the concept of the circular economy (CE). A critical discourse analysis perspective is used to explore the advancement of the concepts of CE principles and their application in different geopolitical settings. We found that there are different models in different areas of the world, including China, in which the regulatory approach differs significantly from adaptations that have taken place in the West under market principles. The study reveals three main obstacles to effective CE transition: (1) institutional resistance to policy implementation, (2) the appropriation of the sustainability concept without a real change in practice, and (3) underlying conflicts between the principles of CE and growth-based economic systems. The study illustrates the differences in these challenges using comparative case analysis. The study contributes to existing sustainability debates with a nuanced assessment of the transformative potential of CE and the structural changes that are required for it to be implemented. These insights provide key feedback for policymakers and business leaders on the complicated journey of transition towards circular economic systems.
Downloads
Published
Issue
Section
License
The author submits the manuscript with the understanding that if it is accepted for publication, the copyright of the article will be granted to the Dynamic Management Journal (DMJ), Management Study Program, Faculty of Economics and Business, University Of Muhammadiyah Tangerang, Indonesia as the publisher of the journal
Dynamic Management Journal (DMJ) first publication rights with works licensed simultaneously under a Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0) which allows others to share (copy and redistribute material in the media or any format) and adapt (remix, modify, and build upon material) the work for any purpose, even commercially with acknowledgment of the work's authorship and initial publication in Dynamic Management Journal (DMJ). Authors may enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal published version of the work (for example, posting it to an institutional repository or publishing it in a book), with an acknowledgment of its initial publication in the Dynamic Management Journal (DMJ). Authors are permitted and encouraged to post their work online (for example, in an institutional repository or on their website) prior to and during the submission process, as this can lead to productive exchanges, as well as earlier and larger citations of published work (See The Effect of Open Access).