Abstract

The article is devoted to the problems of the development of a circular economy and the formation of an appropriate economic policy. Based on the analysis of the literature, it was concluded that there is no unified concept of circular economy, which is more likely seen as a tool than as an independent area of research and practice. Depending on what goals this concept is used to achieve, its content will depend. Given the nature of modern sustainable development policies, it has been accepted to view the circular economy as a tool for green growth. Analyzing its development policy in this context it is advisable to focus on the key requirements of the latter. The paper proposes to develop a circular economy within the framework of a green growth policy, highlighting five main components: institutional regulation, demand regulation, supply regulation, financing, information support. Based on international experience and the peculiarities of the development of the Belarusian economy, for each of the five components, the most relevant directions are proposed, which are advisable to reflect and disclose in the process of developing a circular economy. Given that the public sector in our country occupies a dominant position, one of the key success factors in this case is considered the active role of the state.