Prospects for modernization and innovation in the era of the circular economy Cover Image

Перспективи за модернизация и иновации в ерата на кръговата икономика
Prospects for modernization and innovation in the era of the circular economy

Author(s): Todor Yosifov
Subject(s): Economy, Business Economy / Management
Published by: Международно висше бизнес училище
Keywords: industrialization; circular economy; business horizons; challenges; innovations; management models
Summary/Abstract: The challenges facing society on a global scale are part of a process embedded in the circular economy. The main focus on the life cycle of products and its multiplication is related to innovation not only in business but also in institutional development. The transition to a sustainable model is inextricably linked to the innovation and capabilities that EU countries can develop to move to the next stage in the global economic scale. The effective functioning of any national economy and state government is related to the updating of practices, and the development of industrialization to the level expected by society. The successful economic spectrum works to develop a circular economy.