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Circular Economy Transition in the Context of Low and Middle-income countries: Assessment of the Circular Economy Transition Readiness in Colombia

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Relación: Colfuturo
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Año de publicación 2016
Idioma Inglés

Descripción: Colombia, as many low and middle-income countries, has been deeply influenced by the predominant linear economic model by using their extensive natural resources to create, to some extent, wealth. However, the current environmental problems and global economy deceleration are challenging the country to find new ways to growth the economy without harming the environment. The circular economy (CE) seems to be a promising model to achieve this goal by reducing the dependency on non-renewables, improving the competitiveness through innovation and ¬generating new and rewarding jobs. Thus, this paper explored the enablers that would facilitate the transition towards a CE in Colombia given its specific circumstances such as development gaps in infrastructure and a large informal sector involved in recycling. As a result, an enabling framework was proposed based on secondary data and the insights from interviewing an expert on the field. This framework was the baseline to assess the CE in Colombia and to identify the main interventions that are required to support a transition towards a more sustainable economy. This assessment was carried out through secondary data and some interviews with professionals performing in sustainable development in the country. The evaluation showed that Colombia does not have at the moment the right enabling conditions for a CE deployment. Therefore, the country presents opportunities to reinforce a CE transition in terms of political coherence and a suitable fiscal framework that promotes sustainable practices as well as a robust IT infrastructure and ICTs appropriation among the enterprises to develop business models framed within the CE principles. Moreover, it is required a safe and profitable recovery of materials discouraging the current practices of recycling. Finally, it is important to promote financing schemes and the development of design-led approaches to production among the industrial sector to foster innovation as a key building block of a CE. The findings of this dissertation provide a starting point for future research about the enablers for a CE transition in the context of low and middle-income economies.
Citación recomendada (normas APA)
: Claudia Lorena García Caicedo, "Circular Economy Transition in the Context of Low and Middle-income countries: Assessment of the Circular Economy Transition Readiness in Colombia", Colombia:-, 2016. Consultado en línea en la Biblioteca Digital de Bogotá (https://www.bibliotecadigitaldebogota.gov.co/resources/2084752/), el día 2026-06-19.

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- Economía
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Fuente Biblioteca Virtual Banco de la República
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Año de publicación 2016
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Cobertura Colombia

Circular Economy Transition in the Context of Low and Middle-income countries: Assessment of the Circular Economy Transition Readiness in Colombia

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Circular Economy Transition in the Context of Low and Middle-income countries: Assessment of the Circular Economy Transition Readiness in Colombia

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