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2022 | OriginalPaper | Chapter

6. The Emergence of Circular Economy SMEs in Hong Kong: What is Needed to Invigorate the Dynamic

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Abstract

Later than other municipalities in the region, Hong Kong has embarked on the Circular Economy to address its sustainability challenges. While the government’s Circular Economy (CE) policy focus and support is exclusively centered on the waste recycling industry, a small but vibrant CE business segment has emerged over recent years. The present article deals with the question of how the young dynamic and the growth of this business field can be sustained into the future. By using an institutional evolutionary framework, the following paragraphs firstly analyze the divergence between official regulatory measures and CE business practices derived from a sample of 45 company cases. The resulting findings show that there is substantial room for formal institutional improvements, some of which are offered in form of a comprehensive set of general as well as tailormade recommendations.

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Literature
go back to reference Hodgson GM (2004) The evolution of institutional economics. Agency Structure and Darwinism in American Institutionalism. Routledge, New York Hodgson GM (2004) The evolution of institutional economics. Agency Structure and Darwinism in American Institutionalism. Routledge, New York
Metadata
Title
The Emergence of Circular Economy SMEs in Hong Kong: What is Needed to Invigorate the Dynamic
Author
B. Steuer
Copyright Year
2022
DOI
https://doi.org/10.1007/978-3-030-90217-9_6