Reflection of Linear to Circular Economy: Relevance of Business Leadership and Economic Sustainability in Tanzania
Keywords:
Circular Economy, Sustainability, Business Leadership, Tanzania.Abstract
As a new paradigm shift for economic development, the circular economy, has significant environmental, economic and social benefits. The aim of this paper is to reflect on a shift from linear to circular economy through literature review. Analysis of the circular economy concept reveals that it is a notion of replacing the linear economy in current production and consumption practices by reducing, reusing, and recycling products and materials in production, distribution and consumption processes. Promoting circularity aims to accomplish sustainable development, and the circular economy has links to many of the 17 Sustainable Development Goals (SDGs), particularly Goal 12 “Sustainable Production and Consumption”. As Tanzania is moving towards industrialization, it is relevant that strong business leadership is required in the adoption of circular economy for economic sustainability and growth. There are challenges but also opportunities in the process of adopting circular economy. It is recommended that business leaders and policy makers should take charge of the situation of change.
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