Innovative Technology Principles of Repair in Circular Economy for Sustainable Socio-Economic Growth and National Development

Abstract

The global shift from linear consumption models to a circular economy has recently gained significant momentum as a transformative innovation. This paradigm prioritizes the optimization of resource loops, the curtailment of pollution, and the promotion of sustainable growth. While the circular framework is underpinned by several strategies including regeneration, refurbishment, reduction, and reuse the principle of repair occupies a distinct position due to its pronounced capacity to deliver both environmental and economic dividends. Consequently, this study investigates the application of repair-focused technologies within circular economy firms, specifically analyzing their contribution to national development and broader socio-economic advancement. Methodologically, the research relies on a comprehensive desk review of existing scholarship to construct its arguments. The paper dissects the structural components of repair, categorizing its various typologies and highlighting the advantages it offers, such as the creation of novel business ventures and the enhancement of resource efficiency. Beyond the benefits, the analysis scrutinizes the systemic barriers currently hindering the widespread adoption of repair practices. Furthermore, it evaluates the critical role of human capital and personnel in driving this transition. The study concludes by offering strategic recommendations to promote circularity and suggests specific avenues for future inquiry into the remaining principles of the circular economy.