TAILIEUCHUNG - The circular economy and the inevitable transition

This paper conducts an in-depth analysis of the difference between the linear economy and the circular economy. Moreover, it discusses the necessity of the transition from the linear economy to the circular economy, which has recently become a trend in many countries around the world. | VNU Journal of Science Policy and Management Studies Vol. 35 No. 3 2019 21-28 VNU Journal of Science Policy and Management Studies Journal homepage https PaM Review Article The Circular Economy and the Inevitable Transition Nguyen Hoang Nam1 Hoang Thi Hue2 Nguyen Thi Bich Phuong3 institute of Strategy and Policy on Natural Resources and Environment 479 Hoang Quoc Viet Cau Giay Hanoi Vietnam 2Hanoi University of Natural Resources and Environment 41A Phu Dien Tu Liem Hanoi Vietnam 3Academy of Policy and Development Lane 7 Ton That Thuyet Dich Vong Hau Cau Giay Hanoi Vietnam Received 12 July 2019 Revised 12 August 2019 Accepted 05 September 2019 Abstract Traditional economic development often faces the trade-off between economic growth and environmental quality. This is because of the linear approach to economic development which relies on resource exploitation to make products consumption and then dispose resulting in natural resource degradation and waste increase. The circular economy is a change approach towards restoration and regeneration thereby reducing the dependence on natural resources and limiting emission while not underestimating economic development. This paper conducts an in-depth analysis of the difference between the linear economy and the circular economy. Moreover it discusses the necessity of the transition from the linear economy to the circular economy which has recently become a trend in many countries around the world. Keywords Linear economy circular economy transition. Corresponding author. E-mail address nguyenhoangnam275@ https 2588-1116 21 VNU Journal of Science Policy and Management Studies Vol. 35 No. 3 2019 21-28 VNU Journal of Science Policy and Management Studies Journal homepage https PaM Kinh tế tuần hoàn và sự chuyển dịch tất yếu Nguyễn Hoàng Nam1 Hoàng Thị Huê2 Nguyễn Thị Bích Phương3 1Viện Chiến lược Chính sách Tài nguyên và Môi trường 479 Hoàng Quốc Việt Cầu Giấy

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• The circular economy and the inevitable transition
• The circular economy
• The inevitable transition
• Countries around the world
• In depth analysis