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Article

Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society

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Information Technology School ITS-Belgrade, LINK Group Belgrade, Faculty of Contemporary Arts Belgrade, University Business Academy, 11000 Belgrade, Serbia
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Faculty of Information Technology and Engineering, University Union Nikola Tesla, 11080 Belgrade, Serbia
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Faculty of Economics, University of Belgrade, 11000 Belgrade, Serbia
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Doctoral School, National University of Physical Education and Sport, 060057 Bucharest, Romania
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USH Pro Business, Spiru Haret University, 030167 Bucharest, Romania
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Faculty of Administration and Public Management, Bucharest University of Economic Studies, 010374 Bucharest, Romania
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Business Administration Doctoral School, Bucharest University of Economic Studies, 010374 Bucharest, Romania
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Faculty of Veterinary Medicine, Spiru Haret University, 030045 Bucharest, Romania
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Author to whom correspondence should be addressed.
Academic Editor: Alessia Amato
Sustainability 2022, 14(2), 702; https://doi.org/10.3390/su14020702
Received: 26 October 2021 / Revised: 23 December 2021 / Accepted: 5 January 2022 / Published: 9 January 2022
(This article belongs to the Special Issue The Circular Economy Challenge: Towards a Sustainable Development)
The study makes, under a new configuration of the circular economy, a cross-country analysis based on the Competitiveness and Innovation Indicators in the E.U., i.e., two sub-criteria: private investments, jobs, and gross value added; and patents related to recycling and secondary raw materials as a proxy for innovation. The analysis proved that investments influence the number of patents, and participate in societal transformation. A further cluster analysis classified countries on the level of innovation. The cluster analysis in SPSS centres on significant potential, weaknesses, impact, and waste management control through blockchain technology. It is found that the factors that influence innovation, according to the Global Competitiveness Report, link the business dynamism and innovation capability with the capacity to sustain resilient ideas, such as competitive intelligence and social entrepreneurship. The discussions aim to prove that the efforts to rethink the circular economy principles contribute to its conceptual and societal transformation role through the implementation of innovative processes, inventive solutions, and blockchain technologies, and their social consequences to solve environmental problems. Once understood and accepted, CE will drive sustainable behaviour. View Full-Text
Keywords: circular economy; competitiveness; investments and patents governance; innovation and policy for sustainability; societal transformation circular economy; competitiveness; investments and patents governance; innovation and policy for sustainability; societal transformation
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MDPI and ACS Style

Ilić, M.P.; Ranković, M.; Dobrilović, M.; Bucea-Manea-Țoniş, R.; Mihoreanu, L.; Gheța, M.I.; Simion, V.-E. Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society. Sustainability 2022, 14, 702. https://doi.org/10.3390/su14020702

AMA Style

Ilić MP, Ranković M, Dobrilović M, Bucea-Manea-Țoniş R, Mihoreanu L, Gheța MI, Simion V-E. Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society. Sustainability. 2022; 14(2):702. https://doi.org/10.3390/su14020702

Chicago/Turabian Style

Ilić, Milena P., Marko Ranković, Milutin Dobrilović, Rocsana Bucea-Manea-Țoniş, Larisa Mihoreanu, Mădălina I. Gheța, and Violeta-Elena Simion. 2022. "Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society" Sustainability 14, no. 2: 702. https://doi.org/10.3390/su14020702

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