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Circular economy model for developing countries: evidence from Bangladesh
Zobayer Ahmed1,2, Sakib Mahmud3, Dr Hakan Acet1
1Department of Economics, Selcuk University, Turkey.
Heliyon
|June 6, 2022
Summary
Circular economy (CE) adoption in Bangladesh is limited, primarily seen in recycling. Policy, technical, and public participation barriers hinder broader CE implementation for sustainable development.
Area of Science:
- Environmental Science
- Sustainable Development Studies
- Economics
Background:
- Circular economy (CE) models are underutilized in developing nations compared to developed ones.
- Sustainable development necessitates exploring alternative economic models like CE.
- Bangladesh faces unique environmental and developmental challenges impacting economic strategy adoption.
Purpose of the Study:
- To review the current state of the circular economy (CE) model in Bangladesh.
- To analyze the prospects, practices, and challenges of CE implementation for sustainable development.
- To identify barriers hindering CE adoption in Bangladesh.
Main Methods:
- Descriptive analysis of qualitative and quantitative data.
- Primary data collection through expert interviews.
- Secondary data sourcing on environmental status and economic practices.
Main Results:
- CE applicability in Bangladesh is currently very limited, mainly confined to industrial recycling.
- Significant prospects exist for transitioning towards a CE model.
- Key barriers include policy, technical, and public participation challenges.
Conclusions:
- Bangladesh's CE model is nascent, with recycling as the predominant practice.
- Overcoming identified barriers is crucial for advancing CE and achieving sustainable development.
- Further research into specific sectors is recommended to tailor CE strategies.
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