Handbook of Research on Creating Sustainable Value in the Global Economy

Abstract

Circular economics (CE) is increasingly discussed among researchers, practitioners, and politicians.The discussions between the parties and the confusion about the concept cause the issue to remain onthe agenda. According to the general view, CE is the slowing, shrinking, and closing of the welding flowto increase the welding efficiency. However, little attention has been devoted to measuring the CE levelof a given economic system. The aim of this chapter is to demonstrate the emergence and developmentprocess of CE, and also to show how the CE level of any economic system can be measured. In thiscontext, it is important for developing countries to interest with the issue but not in practice. To put thisinto perspective, the study examined Turkey’s economic system. Turkey’s economic, environmental, andsocial indicators examined were found to have a remote structure of the CE principle. It is expected thatthe results of the study will lead to a positive social change and become a framework for increasing thecontribution of developing economies to the sustainable world.