DEVELOPMENT OF LOCALIZED PRODUCTION AND PROCESSING SYSTEMS AS A FOUNDATION FOR BUILDING A CIRCULAR ECONOMY IN RESOURCE-DEPENDENT REGIONS
Abstract
The article explores the potential for developing localized production and processing systems in resource-dependent regions as a foundation for building a circular economy. It analyzes the economic, infrastructural, and institutional prerequisites for their effective functioning, as well as their role in reducing import dependence, enhancing on-site raw material processing, and establishing stable regional economic models. The significance of such systems is emphasized in terms of increasing economic self-sufficiency, resilience to external shocks, and employment diversification. The paper also examines case examples of implementing localized production and processing systems in regions characterized by a high share of extractive industries and structural constraints. The conclusion underscores the need for an integrated approach to the development of such models as a tool for territorial transformation.
JEL: Q57, R11, O18, O25.
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DOI: http://dx.doi.org/10.46827/ejefr.v9i4.2024
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