#Wittels- Posted March 17, 2022 Posted March 17, 2022 Haydee Tiffer Sotomayor, MBA Economist and Business Administrator Lecturer at Fidelitas University Economics has traditionally been a social science that seeks the distribution of wealth, making financial decisions that maximize the utility and benefits of the rational consumer and entrepreneur. advanced, today the focus of economic science has been enriched, expanded and even refers to a constant flourishing. Proof of the above is the concept of Happynomics, which mentions the importance of economic and emotional prosperity. For its part, the green economy seeks to measure economic performance in terms of current decisions about long-term sustainability. Hence the concept of sustainable development, which seeks to meet the needs of the present, without compromising resources for future generations. (Daniels, 2013) Since the 1980s, there has been great concern about the lack of the planet and the scarcity of its resources. Fritjof Capra, in his book The Crucial Point, mentions that the future will belong to energies with inclusive economic systems with a new vision of life. ¨The new vision of reality that we have been talking about is based on the understanding of the reciprocal and essential relationships and dependencies of all phenomena: physical, biological, psychological, economic, social and cultural. ¨ (Capra, 1992, p. 145) Likewise, for the Industrial Revolution 4.0, Klaus Schwab, one of the founders of the World Economic Forum, mentions the new sustainable production as a fusion of global production domains that involve technological, physical and biological environments. In the same way, since 2015, the United Nations has proposed the Sustainable Development Goals or the 2030 Agenda that promotes sustainable development and a new economy more oriented towards environmental responsibility, with which the circular economy is born. The traditional economy is linear It has a short-term vision of consumption, that is to say, it is believed that resources are infinite, cheap and inexhaustible. It is produced to sell, regardless of the origin of the raw materials, or the quality standards or ISO standards. It is produced to satisfy the use value or the immediate need, thinking only to use and discard. The circular economy It is a cyclical production system that considers the regeneration and reuse of resources. It is based on the four Rs: reduce, reuse, repair and recycle. Reduce. The circular economy becomes a cycle in which all stages of production are used and waste is reduced. reuse Since all the waste from the production process is used, the life cycle of ecosystems is respected and, therefore, a wish is a new resource. Repair As we think about the optimization of resources, many times a desire is repaired or recovered so that it continues to function and becomes raw material again. recycle As it is about preserving the natural capital of resources, all disposable material or waste finds its use again in production. Consequently, the circular economy seeks the innovation and profitability of companies by creating new production systems that involve research and development to apply reuse methods to achieve zero cost, promote environmentally sustainable systems and promote new jobs. Circular Economy Basic Cycle In Costa Rica, some companies such as Florida Ice & Farm, Florex and Holcim have implemented the circular economy in their production systems. (Faults, 2018) Florex is a company that manufactures cleaning products. He built an ecological solar-powered plant and a wastewater plant. They constantly redesign their transportation routes. This company has reduced the use of plastic and is a pioneer in the use of virtual money, since it has an incentive plan called Eco Colones that seeks the return of containers to collection centers. recycle As it is about preserving the natural capital of resources, all disposable material or waste finds its use again in production. Consequently, the circular economy seeks the innovation and profitability of companies by creating new production systems that involve research and development to apply reuse methods to achieve zero cost, promote environmentally sustainable systems and promote new jobs. Circular Economy Basic Cycle In Costa Rica, some companies such as Florida Ice & Farm, Florex and Holcim have implemented the circular economy in their production systems. (Faults, 2018) Florex is a company that manufactures cleaning products. He built an ecological solar-powered plant and a wastewater plant. They constantly redesign their transportation routes. This company has reduced the use of plastic and is a pioneer in the use of virtual money, since it has an incentive plan called Eco Colones that seeks the return of containers to collection centers. Link: https://www.larepublica.net/noticia/economia-circular-el-nuevo-futuro-economico
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