Problems and instruments of state organizational and economic support of the circular economу development

Abstract

The purpose of the article is to determine the advantages of the circular economy and approaches to the state organizational and economic support of its development through the prism of studying the policy effectiveness of China and the EU countries on the circular economy model implementation. Research methods. The following methods were used in the research process: method of comparative analysis (assessment of state regulatory policy measures in China, Germany, and the Netherlands), abstract-logical method (problem statement, substantiation of conclusions), monographic method (analysis of the scientific works evolution by national and foreign scientists on circular economy problems, sustainable development). Research results. The key preconditions for the development of the circular economy are analyzed, the key ones being political will, social partnership, the availability of secondary resource markets, and an effective system of state regulation and support measures. Particular attention is paid to the role of stakeholders and the benefits they will gain as a result of the implementation of the concept of circular economy, as well as systematized key indicators for assessing the effectiveness of the circular economy strategy. It is substantiated that China and some EU countries have made significant progress in implementing the concept of circular economy, primarily due to organizational and economic instruments of state regulation, the analysis of which will contribute to the effective transformation of Ukraine's economic model in accordance with the principles of circularity. Scientific novelty. The concept of circular economy was further developed in terms of constructing organizational and economic instruments of state support for its development by strengthening interaction and growing interest of stakeholders, as well as assessing the effectiveness of the circular economy by adapting the balanced scorecard. Practical significance. Advantages of the transition to the principles of circularity for key stakeholders in terms of the effectiveness of its state organizational and economic support were systematized, as well as the indicators for assessing the effectiveness of the circular economy concept were identified. A comprehensive state policy of transition to a circular economy in Ukraine, taking into account the progressive experience of the EU countries and China, will promote its balanced development, realization of stakeholder interests, reduction of environmental risks, optimization of resource potential. Tabl.: 2. Figs.: 1. Refs.: 16.