Circular Economy as the Economic Basis of the Industry 5.0 Paradigm

Abstract

The article explores the role of the circular economy as the economic basis of the Industry 5.0 paradigm and justifies its importance for the implementation of the principles of human-centricity, sustainability and resilience of industrial development. It is shown that the integration of closed material and energy cycles allows to reconcile technological innovations with environmental responsibility and social value of production. The function of digital technologies of Industry 5.0 as tools for managing circular processes throughout the product life cycle is analyzed. The feasibility of considering the circular economy not as an auxiliary environmental practice, but as a systemic economic foundation of a new industrial paradigm is substantiated. The results obtained form the basis for further research in the field of digital transformation of sustainable production.