HYPERION ECONOMIC JOURNAL

Hyperion University of Bucharest
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Competitiveness and Innovation in the Context of the Circular Economy

Keywords: Competitiveness , Innovation , Circular Economy , Sustainability

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Authors:
  • Oana CHINDRIȘ-VĂSIOIU, Ph.D. SR III, Affiliation: Institute for World Economy, Romanian Academy, Romania;
  • Mădălina TOCAN, PhD, Associate Professor, SR III, Affiliation: Ecological University of Bucharest, Romania, Institute for World Economy - Romanian Academy, Romania;
Pages:  98 : 104
Abstract: In a globalized economy, competitiveness and innovation are essential factors for sustainable development. In this context, the circular economy offers an efficient and sustainable growth model, promoting waste reduction, efficient use of resources and regeneration of materials. The paper analyzes the impact of the integration of circular economy principles on competitiveness and highlights the role of innovation as a driver of the transition to a more sustainable economic model. The study explores the improvement of economic and ecological performance, highlighting the benefits of implementing innovative technologies and policies favorable to the circular economy. The conclusions highlight the need for an integrated approach, where innovation and sustainability have become fundamental pillars of long-term competitiveness.
JEL classification: Q55, Q56

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Q55, Q56

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