Miriam Spalatro – University of Foggia, Department of Economics, via Caggese, 1 – 71122 Foggia, Italy
Giulio Mario Cappelletti – University of Foggia, Department of Economics, via Caggese, 1 – 71122 Foggia, Italy
DOI: https://doi.org/10.31410/ERAZ.2019.229
5th International Conference – ERAZ 2019 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Budapest – Hungary, May 23, 2019, CONFERENCE PROCEEDINGS
Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia;
ISBN 978-86-80194-20-2, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2019
Abstract
This paper discusses the main criticisms and alternative proposals advanced by several
scholars regarding the market economy-based development model. The literature review highlights a
significant and growing awareness of environmental issues and strong criticism of the current economic
development model, which does not account for limited natural resources and Earth’s capacity for
additional pollutants.
Key words
Sustainability, Bio economy, Circular economy.
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