CIRCULAR ECONOMY IN DEVELOPING COUNTRIES: CHALLENGES AND SOLUTIONS
Keywords:
Circular Economy; Developing Countries; Sustainable Development; Challenges; Solutions; Green Economy; Resource Efficiency; Digitalization; Policy Reform; International Cooperation.Abstract
This article analyzes the role of the circular economy (CE) in developing countries, focusing on the main challenges that hinder its implementation and the potential solutions that can accelerate progress. The study highlights critical barriers such as weak infrastructure, limited institutional capacity, financial constraints, low public awareness, technological gaps, and issues related to informal sectors. At the same time, it emphasizes that circular economy practices can provide significant opportunities for sustainable development, including job creation, resource efficiency, and environmental protection. The article argues that policy reforms, digital innovation, international cooperation, and consumer awareness are essential to overcome existing obstacles. By addressing these factors, developing countries can successfully transition from a linear to a circular model, aligning economic growth with sustainability and contributing to global climate goals.
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