BIO-ECONOMY: KNOWLEDGE IMPLEMENTATION CREATES ADDED ECONOMIC AND SOCIAL VALUE
BIO-ECONOMY: KNOWLEDGE IMPLEMENTATION CREATES ADDED ECONOMIC AND SOCIAL VALUE

Summary/Abstract: This research is focused on bio-economic knowledge impact on social and economic added value. The premises of this paper are that habit formation can be used to implement bio-economy knowledge in different age groups in Bulgaria. The implementation of knowledge and good practices will be done on institutional level using the ILAC model. Using the institutional environment as a learning one, we are creating more sustainable population with better understanding of today‘s problems and coping mechanisms to overcome them. In every aspect of the bio-economy we have gathered good practices as example that can be easily added to the daily life and can be implemented as institutional norm of behavior. A shift in perception and understanding our surrounding environment have undergone the last 30 years, more people, companies and even countries have turn towards more ecological friendly means of production and using policies, financial incentives and new habit formation in schools, work and universities have created a society with better understanding of bio-economy, environment preservation, biodiversity and sustainable practices. In the long term the benefits of implementing better practices that preserve human and animal habitat and mitigate the human destruction, outweigh the struggles of changing the human behavior in the beginning and the starting capital that some policies require.

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