Circular Economy as an Alternative Environmental Oriented Economic Concept for Ukraine

Globalization processes and European integration of Ukraine require the consideration of a complex system of international norms in the state policy development. The priority direction of international organizations' activity in the sphere of economy is sustainable development, in order to ensure the implementation of the goals of which there is a need for the introduction of a circular economy. State policy in such an economic model is an instrument for solving economic and environmental problems; it is intended to ensure the reorientation of economic systems to the conditions of sustainable development, as well as the use of waste as resources that promote economic growth. Reforming the economic system towards the provisions of such an economy is the duty of public administration. Formation of an effective state policy of the circular economy and mechanisms for its implementation will increase the competitiveness of the economy, provide environmental sustainability and help to achieve social consensus. The article substantiates the need for the introduction of the provisions of the circular economy in Ukraine. It also presents a conceptual model which specifies the tasks of the state policy aimed at the propmotion of such an economic model as well as the way and methods of their implementation.