CIRCULAR ECONOMY DEVELOPMENT AND RESOURCE EFFICIENCY: EVIDENCE FOR MACEDONIA

Abstract

In the time of competitiveness, circular economy is a way to change economic growth pattern and achieve the balance among economy, resources and environments. World trends show that circular economy is an excellent way to create jobs and thus increase economic growth and use the low skills especially in rural areas. This paper argues that employment in circular economic activities creates opportunities for economic growth and a visible increase in the level of employment. Therefore, growth in circular economy can potentially deliver economic benefits such as employment creation and lower structural unemployment by offering a good geographical spread of job opportunities. Through expanding circular economy activity there’s a reasonable potential to reduce regional and occupational mismatch meaning development in rural sector in one hand, and a strong chance that net jobs can be created with sustained reductions in unemployment, on other hand.

Taking into account what economic activities encompass the circular economy, it simply represents a necessity for every society and its well-being.