Leveraging the Circular Economy and Advancing Sustainable Development in Developing Countries: A Call to Action

Abstract

The concept of the circular economy has been widely debated on a global scale following the implementation of the Sustainable Development Goals. It has garnered significant interest and attention from academia, policy makers, and industry stakeholders. The absence of a globally acknowledged definition of the circular economy has resulted in its status as a concept that is subject to debate and disagreement. The circular economy is perceived as a viable alternative to conventional linear patterns of production and consumption. The adoption of the circular economy on a global scale will have implications for emerging economies. In that vein, the economy of Bangladesh has the potential to be strengthened to a certain extent by the implementation of suitable policy instruments. This essay urges the policy community and the community of practise to embrace the concept of circular economy as a means to achieve sustainable development.