Knowledge Agora



Scientific Article analysis using AI

Title Search for a new development model: Regenerative economy
ID_Doc 80002
Authors Avdokushin, Evgenii F., and Elena G. Kuznetsova
Published ВЕСТНИК РГГУ (2022): 21.
Structure
Abstract Section


The article discusses the concept of a regenerative economy, which is a new development model that contributes to the achievement of sustainable development goals. The regenerative economy is considered a nonlinear economic model that aims to restore and heal vital systems, increase their self-healing capacity, and achieve all sustainable development goals. The authors propose eight principles of a regenerative model of a capitalist economy, which include the interconnection of all living things, sustainable flows of money, information, resources, goods, and services, and the development of nature-like technologies.

Introduction Section


The article begins by discussing the limitations of the current linear economy model and the need for a new development paradigm. The authors cite the Club of Rome's report "The Limits to Growth" as a starting point for this discussion, which highlighted the depletion of the Earth's resources and severe pollution. The authors also mention the dot-com crash and the financial crisis of 2008-2009, which led to a reevaluation of the current economic model. The article then introduces the concept of a regenerative economy and its potential to address the environmental and social challenges faced by the world today.

Sustainable Development Goals Section


The article discusses the Sustainable Development Goals (SDGs) adopted by the United Nations in 2015, which aim to achieve universal economic prosperity, eradicate poverty, improve education and healthcare, develop renewable energy, and combat climate change. However, the authors note that the SDGs have been criticized for their unrealistic targets and lack of concrete implementation strategies. The article then explores the relationship between the regenerative economy and the SDGs, highlighting the need for a more holistic and sustainable approach to economic development.

SDGs and Regenerative Economy Section


The article discusses the connection between the regenerative economy and the SDGs, highlighting the importance of a new economic model that prioritizes sustainability and regeneration. The authors propose the concept of a regenerative economy as a new development paradigm that aims to restore and heal vital systems, increase their self-healing capacity, and achieve all sustainable development goals. The article then explores the connection between the regenerative economy and other sustainable development models, such as the circular economy and the sharing economy.

Circular Economy Section


The article discusses the concept of a circular economy, which is a nonlinear economic model that aims to reduce waste and promote the use of recycled materials. The authors highlight the importance of a circular economy in achieving sustainable development goals and reducing greenhouse gas emissions. The article then explores the connection between the circular economy and the regenerative economy, highlighting the need for a more holistic and sustainable approach to economic development.

Sharing Economy Section


The article discusses the concept of a sharing economy, which is a model that promotes the sharing of goods and services rather than their ownership. The authors highlight the importance of a sharing economy in achieving sustainable development goals and reducing waste. The article then explores the connection between the sharing economy and the regenerative economy, highlighting the need for a more holistic and sustainable approach to economic development.

Conclusion Section


The article concludes by highlighting the need for a regenerative economy as a new development paradigm that prioritizes sustainability and regeneration. The authors propose the concept of a regenerative economy as a more holistic and sustainable approach to economic development, which aims to restore and heal vital systems, increase their self-healing capacity, and achieve all sustainable development goals. The article then emphasizes the importance of a regenerative economy in achieving sustainable development goals and reducing greenhouse gas emissions.
Summary The article discusses the concept of a regenerative economy, a new development model that aims to achieve sustainable development goals. The regenerative economy is an interconnected and interacting ecosystem that consists of three parts: a circulatory economy, a "green" economy, and a sharing economy. The main mechanisms that link these three segments together are revealed, contributing to synergy in creating a new quality of the ecosystem. The regenerative economy is considered a nonlinear development model, unlike the traditional linear economy. The authors provide examples of the use of regenerative economy principles in various industries, including construction, automotive, and agriculture. Regenerative economy principles include responsible production, consumption, and waste management, as well as the use of renewable energy sources. The regenerative economy is closely linked with the circular economy, sharing economy, and green economy, and is considered an emerging model of a new economy. The implementation of regenerative economy principles is considered essential for achieving sustainable development goals and reducing waste, pollution, and climate change. The authors conclude that the transition to a regenerative economy is an objective process that requires a responsible attitude to production, consumption, and the environment. The regenerative economy model is relevant for Russia, particularly in the context of an economic war and total Western sanctions, and should underlie the country's sustainable development strategy.
Scientific Methods Based on the article, the following research methods are detected:

1.
Literature review
: The authors conduct a thorough review of existing literature on sustainable development, regenerative economy, circular economy, green economy, and sharing economy. They also cite relevant studies, reports, and concepts to support their arguments.
2.
Conceptual analysis
: The authors analyze and define key concepts, such as regenerative economy, circular economy, green economy, and sharing economy, and their relationships with each other.
3.
Case studies
: The authors present case studies of companies and industries that have implemented regenerative economy principles, such as the construction industry, automotive industry, agriculture, and Unilever.
4.
Data analysis
: The authors analyze data from various sources, including reports, surveys, and studies, to support their arguments about the effectiveness of regenerative economy principles in achieving sustainable development goals.
5.
Critical discourse analysis
: The authors analyze and critique existing economic models, such as the linear economy, and highlight the limitations and problems associated with them.
6.
Comparative analysis
: The authors compare and contrast different economic models, such as the regenerative economy, circular economy, green economy, and sharing economy, and their relationships with each other.
7.
Systems thinking
: The authors apply systems thinking to analyze the complex relationships between different components of the regenerative economy ecosystem, such as natural, economic, social, and productive capital.
8.
Interdisciplinary approaches
: The authors draw on insights and methods from various disciplines, including economics, sociology, biology, and philosophy, to develop a comprehensive understanding of the regenerative economy.
9.
Policy analysis
: The authors analyze and critique existing policies and strategies for sustainable development, and propose new policies and strategies that support the regenerative economy.
10.
Expert opinions
: The authors cite expert opinions and statements from prominent figures in the field of sustainable development and regenerative economy to support their arguments.

Overall, the research methods used in this article are interdisciplinary, critical, and nuanced, and aim to provide a comprehensive understanding of the regenerative economy and its potential to achieve sustainable development goals.
Article contribution The article presents an analysis of the theory and practical implementation of the regenerative economy, a model that aims to contribute to the achievement of sustainable development goals. The authors argue that the current linear economic model is unsustainable and that a new economic model, based on regenerative principles, is necessary.

Contribution to Regenerative Economics:


The article makes several contributions to regenerative economics:

1.
Definition of Regenerative Economy
: The authors provide a comprehensive definition of the regenerative economy, which includes three main segments: the circular economy, the green economy, and the sharing economy. They highlight the importance of these segments in achieving sustainable development goals.
2.
Mechanisms of Regenerative Economy
: The authors identify the main mechanisms that link the three segments of the regenerative economy, contributing to synergy and creating a new quality of the ecosystem.
3.
Principles of Regenerative Economy
: The article outlines the key principles of the regenerative economy, including the interconnection of all living things, sustainable flows of money, information, resources, goods, and services, and the restoration of natural, economic, social capital.
4.
Case Studies
: The authors provide several case studies of companies and industries that are implementing the principles of regenerative economics, such as the construction industry, the automotive industry, and agriculture.
5.
Implementation of Regenerative Economy
: The article discusses the importance of implementing the principles of regenerative economics in various sectors, including construction, automotive, agriculture, and social capital.

Strengths:


1.
Comprehensive Definition
: The article provides a comprehensive definition of the regenerative economy, which includes the three main segments and their interconnections.
2.
Practical Implementation
: The authors provide several case studies of companies and industries that are implementing the principles of regenerative economics, demonstrating the feasibility of the model.
3.
Interdisciplinary Approach
: The article takes an interdisciplinary approach, drawing on concepts from economics, ecology, sociology, and other fields to provide a comprehensive understanding of the regenerative economy.

Weaknesses:


1.
Limited Scope
: The article primarily focuses on the regenerative economy in developed countries, with limited discussion of its potential in developing countries.
2.
Lack of Quantitative Analysis
: The article lacks quantitative analysis and data to support its claims, which may limit its applicability to policymakers and practitioners.
3.
Simplistic Views
: Some of the views expressed in the article, such as the idea that regenerative economics will automatically lead to a reduction in waste and pollution, may be overly simplistic and neglect the complexity of real-world economic systems.

Recommendations:


1.
Further Research
: Further research is needed to develop a more comprehensive understanding of the regenerative economy, including its potential in developing countries and its quantitative implications.
2.
Policy and Practical Applications
: The article's findings should be applied to policy and practical contexts to demonstrate the feasibility and effectiveness of regenerative economics in real-world settings.
3.
Critical Examination
: A critical examination of the article's views and assumptions is necessary to ensure that the regenerative economy is not oversimplified or misinterpreted.
No similar articles found.
Scroll