Romanian Economy between Linearity and Circularity. A Bioeconomic Perspective
Romanian Economy between Linearity and Circularity. A Bioeconomic Perspective

Author(s): Mihaela Denisa Coman, Constantin Aurelian Ionescu, Mihaela Lixandru
Subject(s): Business Economy / Management
Published by: Editura Lumen, Asociatia Lumen
Keywords: Bioeconomy, linear economy; circular economy; non-renewable resources; recycling; biofuels;
Summary/Abstract: Romania's present economy is characterized by its linearity, an important consumption of non-renewable resources, an incipient form of recycling and a production based on a high consumption of resources at high costs. At European Union level, the desire to evolve and transform the current economies into bio-economies is astringent. A bioeconomy, characterized by the achievement of sustainable production with a minimum consumption of fossil resources and a maximum result, the development of durable products, limiting the effects of pollution, increasing the quality of life and health of the population, reducing dependence on non-renewable resources, increasing food security, recycling rate and waste reduction, outlines a new model of economy that requires society to evolve into a future based on sustainable development.The aim of the paper is to analyze aspects of the bioeconomy and to point out how Romania can transform its current economy into a bioeconomy, while at the same time achieving sustainable economic development.

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