ROLE OF BIOECONOMY IN CREATING OPPORTUNITIES FOR SUSTAINABLE DEVELOPMENT

Journal Title: ЕКОНОМІЧНИЙ ДИСКУРС - Year 2017, Vol 1, Issue 1

Abstract

Introduction. Economic, social and environmental problems have reached critical mass in the world. The traditional economy based on fossil renewable resources is inherently antyecological and one that does not take into account the interests of future generations. This makes it necessary to find new ways to create sustainable development of the economy. Methods. For scientific research such methods have been used: abstract and logical, comparative analysis, analysis and synthesis, that gave an opportunity to ground the role of bioeconomy in creation of possibilities of steady development. Resuits. The bioeconomy, based on the paradigms of production, which is associated with biological processes, uses renewable natural resources, requires minimum energy consumption and does not pollute the environment. The advantages of the bioeconomy that contribute to the realization of the concept of sustainable development are the diversification of the agrarian economy and its growth; development of rural regions; improvement of the social situation in the cities; improvement of human health, ecology and life quality; cost reduction, more thorough control of quality products; the emergence of new products and markets; reduction of dependence on fossil energy resources. The bioeconomy helps to prevent pollution of the environment; to create new materials, substances and biofuel; use reusable and recyclable products. Discussion. The demand for food products tends to further grow through population upsurge, so new tasks and challenges arise for agriculture – to ensure a sufficient level of food production and raw materials for the processing industry. These problems can be solved thanks to the achievements and development of the bioeconomy. Thus, at the present stage of the society development, the bioeconomy is the driving force for further progress and sustainable development, contributing to the achievement of its goals as well.

Authors and Affiliations

Ivan Balaniuk, Alevtina Zabara

Keywords

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  • EP ID EP310744
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How To Cite

Ivan Balaniuk, Alevtina Zabara (2017). ROLE OF BIOECONOMY IN CREATING OPPORTUNITIES FOR SUSTAINABLE DEVELOPMENT. ЕКОНОМІЧНИЙ ДИСКУРС, 1(1), 58-63. https://europub.co.uk/articles/-A-310744