Abstract
While the world’s population continues to grow expeditiously, a rapid increase in the demand of raw materials and a simultaneous decrease in supplies is evident. Government collaboration with International Businesses, decentralized authorities, and civil society is crucial for transitioning the global economy to rely predominantly on reusable materials by 2050. If implemented right, the Circular Economy holds the potential to preserve the endangered environment, boost social equity, and foster sustainable economic progress. This chapter is a conceptual discussion that explores the extent of the Circular Economy’s contribution towards International Business and in turn the potential contribution of this mix towards the promotion of SDGs, to better comprehend the conditions promoting or impeding the SDGs’ fulfillment. The chapter also aims at identifying critical opportunities and challenges for International Business in adopting and implementing the Circular Economy and providing recommendations for better implementation. The chapter describes the essential foundations of the Circular Economy and aims at assessing its most significant influence in achieving the sustainable development goals laid out by the UN Charter. The chapter is useful to academics and researchers in the fields of international political economy, economics, and sociology, in addition to policymakers and experts in the field of sustainability.
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Issac, A.L. (2023). Exploring Circular Economy in International Businesses Through the Lens of Sustainability. In: Arte, P., Wang, Y., Dowie, C., Elo, M., Laasonen, S. (eds) Sustainable International Business. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-031-43785-4_9
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