Circular Models of Resource Cycles: Essence and Features

Abstract

Ensuring sustainable development of economic systems requires the introduction of organizational and management and environmentally safe technologies, circular models of resource cycles aimed at reducing the negative impact on the environment. This corresponds to the concepts of sustainable development, circular economy, green economy, etc. This is also confirmed by advanced world experience, which shows that increasing the level of environmental safety of the national economy can be achieved by introducing conceptually new management tools based on integrated (combination of systemic, process, situational, functional) approaches, concepts of “lean” production, closed-loop economy, sustainable development. As a result of the study, it was established that the key goal of the transition to a circular economy is to change the paradigm of development of society and the economy (production, consumption, energy-efficient, marketing, etc.), rethinking value-added chains and developing circular models of resource cycles that must meet modern requirements and challenges in the global world. In view of this, the article reveals the relationship between the concepts of “circular model” and “resource cycle” based on bibliometric analysis using VosViewer software. The essence of the term “resource cycle” is clarified. The features of the circular model of resource cycles are determined. It is proved that at present it is necessary to look for innovative tools and implement fundamentally new approaches to the organization of economic activity. Circular economy is recognized as an effective way of doing business and a key mechanism for the development and implementation of circular models of resource cycles and business strategies in the context of global transformations. UDC: 005.936.5:504.06; JEL: A20, Q20, Q28