Innovative business models and technologies of the circular economy: Foreign and domestic experience

Abstract

The article is devoted to the practical aspects of the implementation of the circular economy concept. The best practices of circular business models from foreign and domestic experience have been studied and systematized. It is concluded that they are not widely spread out in the Republic of Belarus with the predominance of the “Resources recovery” business model only, while the competitive advantages of using other circular business models are becoming more and more obvious all over the world. The role of digital, engineering and hybrid technologies in the practical implementation of the circular business models considered in the article is determined.