Integrative Journal of Conference Proceedings

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EISSN : 2694-4391
Current Publisher: Crimson Publishers (10.31031)

Latest articles in this journal

Integrative Journal of Conference Proceedings; doi:10.31031/icp

Shoja Shafti S
Integrative Journal of Conference Proceedings, Volume 2; doi:10.31031/icp.2020.02.000533

Bryndin E
Integrative Journal of Conference Proceedings, Volume 2, pp 1-5; doi:10.31031/icp.2020.02.000532

Abstract:
Bryndin E* Research Center Natural Informatics, Russia *Corresponding author: Bryndin E, Research Center natural informatics, Russia, Novosibirsk Submission: January 24, 2020;Published: February 26, 2020 Volume2 Issue2February, 2020 Cyclical economy’s financial turnover has investment and accumulation periods. During the investment period, innovative modernization of the economy is carried out by effective competent management, innovative science, creative education, qualified specialists and the high-tech industry. Ecological modernization of the economy gradually increases the solvent demand of the population and contributes to the emergence of new goods and services. The economy is smoothly moving into the accumulative period. Mass robotic production and sale of new goods and services begins. There is accumulation of the capital. Over time, the population is saturated with new goods, and the purchasing demand of the population is gradually decreasing. The economy is smoothly cyclically moving into the investment period of innovative ecological modernization of the economy. The financial turnover of the cyclical economy through reinvestment of its savings increases the rate of ecological modernization of production. Keywords: Cyclical economy; Competent management; Investment period; High-tech industry, Ecological development; Qualified specialists; Accumulative period For the first time on the cyclical economy spoke in 1970. The authorship of the approach and the titles are attributed to economists John Lyle and Walter Steiner. The idea of a transition to a new economic paradigm was developed in the materials of the Swedish non-profit organization The Natural Step, which promotes the ideas of sustainable development and in the European Commission [1]. Cyclical economics - closed-loop economics - represents an alternative to classical linear economics based on the principle of “production - use - disposal.” The challenge of a cyclical economy is to use renewable resources as widely as possible and ideally to switch to waste-free production. Repeated use of the same material as raw materials will help to minimize economic damage to the environment, analysts of the Organization for Economic Cooperation and Development (OECD)-a “club” of 36 most developed countries of the world believe. In their study “Business Models of the Cyclical Economy,” they looked at the major challenges and opportunities of the cyclical economy and how governments can contribute to its implementation. The closed-loop economy, also called cyclic or circular, is based on the principle of resource reuse - the producer must understand at the stage of commodity design how it will be recycled. A product that is created within a cyclical economy should serve a long time, and the consumer should be able not to purchase, but to rent. Cyclical business models change the direction of products and materials throughout the economy, which helps to reduce the negative impact of mining, use and disposal of these materials for nature. It is not only about improving a specific production cycle or factory, but in general about changing the production and consumption process. For example, it is not easy to manage natural resources more effectively, not to use them at all. Five main directions of such business models can be distinguished. A. The model of cyclic supply-replacement of traditional (primary) sources of raw materials with renewable or biological materials, secondary. B. Recycling model-recycling waste and subsequent use. C. The model of life extension-slows down the turnover of products in the economy, thus reducing the rate of generation of new wastes. D. The shering model is the sharing of a single product by different consumers, which reduces the demand for new products. E. Service models are built around the provision of services rather than the sale of products, stimulating the development of environmentally friendly products and responsible consumption. Many companies combine a business model. For example, an enterprise can produce certain products, process them and at the same time provide some services within the green economy. Also, business models do not exist in isolation - if one company chooses a specific direction for itself, its partners can choose a related business model. By closing the resource chain and slowing the movement of products within the economy, cyclic business models reduce the negative effect of economic activities on the environment. For example, recycling, rather than non-renewable resources, can reduce greenhouse gas emissions by up to 90%, depending on the industry. Restoring fully used products will reduce waste generation by up to 80%. The use of some models is growing at a faster rate than the market and this is largely due to the development of technologies. In order to expand the market share of proven cyclical models, integrated solutions at the government level will be needed. Ultimately, the transition to a visibly more resource-efficient economy, in which the environmental damage associated with production and consumption is markedly lower than the current one, will require deep penetration of these cyclical business models. Government policies can play an important role in overcoming obstacles to the competitiveness of these models. For example, ensure that environmental costs of production and consumption are fully reflected. Cyclical economy implies sustainable system of financial cyclical turnover from investment to accumulation, based on numbers. From socio-economic point of view, this means achieving the goal is based on parameters that require dynamic quantification: price, tariff, profitability, costs, liabilities, assets, returns, losses, dividend, rents, stock index, book value, wages, costs, and others. Dynamic quantitative assessment of socio-economic parameters will ensure the necessary measure, number and weight, as...
Ida Chauvin
Integrative Journal of Conference Proceedings, Volume 2; doi:10.31031/icp.2020.02.000531

Nefyodov Li
Integrative Journal of Conference Proceedings, Volume 2; doi:10.31031/icp.2020.02.000530

Bando H
Integrative Journal of Conference Proceedings, Volume 2; doi:10.31031/icp.2020.02.000529

Sharma G
Integrative Journal of Conference Proceedings, Volume 2; doi:10.31031/icp.2020.02.000528

Chaudhry Mk
Integrative Journal of Conference Proceedings, Volume 2; doi:10.31031/icp.2019.02.000527

Epifanсev K
Integrative Journal of Conference Proceedings, Volume 1; doi:10.31031/icp.2019.01.000525

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