The Role of Global Trade in Circular Economic

Aditya Ramanand Singh

Master's thesis

Abstract:

This report includes the new economic model known as upcycling seeks to minimize environmental damage by maximizing the reuse of materials. In this report, there are legitimate concerns that the exploitation of raw resources, manufacture, and consumption that underpins the vertical economic system promoted by Global commerce has severe social and environmental consequences. This report assesses the current circular economic model participation level in Global exchange. The study thoroughly analyses how corporate sustainability ideas have influenced Global commerce's laws, practices, and consequences. This study also highlights Global exchange's possibilities and threats as it moves toward that supply chain. Notwithstanding significant challenges, the result suggests that Global commerce may help advance the cyclical economy by boosting productivity, decreasing pollution, and encouraging more environmentally responsible manufacturing and consumer. Conclusions and suggestions are offered on findings from the GRETL and how politicians, firms, and individuals might hasten the implementation of recycling and reuse in Global commerce.

Keywords

global trade, global resources, barriers, trade policies, key challenges, Global cooperation, circular economic model

Language used: English

Date on which the thesis was submitted / produced: 4. 4. 2023

Thesis defence

• Date of defence: 30. 5. 2023
• Supervisor: doc. Ing. Daniela Šálková, Ph.D.
• Reader: Aleš Buriánek, externi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme:
Business Administration