ORCID
- John Martin: 0000-0003-3363-8855
Abstract
The concept of a circular economy is becoming a central component of local and regional economies. Therefore, the purpose of this research was to identify the impact of landscape development and the circular economy on achieving sustainable development goals in the context of globalisation and digitalisation of the world economic system. The following methods were used: system-analytical – to evaluate the details of the structure and functioning of mechanisms of state regulation in the formation and development of the circular economy; categorical and analytical – to demonstrate the theoretical foundations of the formation of a purposeful state policy in the field of development. Digital distribution has great potential for implementing the principles of sustainable development and changing consumer behaviour and outlook in the context of globalisation and digitalisation of the world economic system. It has been studied that the depletion of natural resources creates problems for the future development of industry, providing the world’s population with material goods and quality of life. As a result of the irrational use of nature, the increase in material intensity, and inefficient resource provision, there is a deterioration of the ecological state, the depletion of natural resources, a decrease in the efficiency of enterprises, and a deterioration in the quality of products. Based on the analysis, it is concluded that the idea of sustainable development has emerged as the primary paradigm for social development in the future and that one of the mechanisms achieving these goals is the development of the circular economy because of its connections to processes like the globalisation and digitalisation of the world economy, the stimulation of innovative activity, and the advancement of digital distribution. It is concluded that this can be considered one of the mechanisms for achieving goals. The provisions, findings, and suggestions produced enhance the theory and practice of the development of the closed-loop economy, which is the practical importance of the acquired results
DOI
10.57111/econ/2.2024.80
Publication Date
2024-01-01
Publication Title
Economics of Development
Volume
23
Issue
2
ISSN
1683-1942
First Page
80
Last Page
90
Recommended Citation
Gavkalova, N., Martin, J., Shumska, H., & Babenko, K. (2024) 'Landscape and circular economy as a mechanism of sustainable development in globalisation and digitalisation of the world economy', Economics of Development, 23(2), pp. 80-90. Available at: https://doi.org/10.57111/econ/2.2024.80
