Main Article Content

Is it possible to solve the tremendous economic-environmental policy challenges imposed on developing countries' industries and governments due to the intense demands by international organizations to restrain the crisis of global warming?


Let us look at some initiatives proposed to address the environmental crisis:


  1. By means of greenwashing the conventional linear chains of the most polluting industries.

  2. Through public policies and strict legislation, with exorbitant fines.

  3. Through extreme citizen education efforts.

  4. Through innovative technologies.

The answer is none of the above. Even with the technological advancements and the growth of markets, and the governments' ambitious long-term commitments, the likelihood of adherence thereto is almost nil, mainly for developing countries, if something drastic, disruptive and comprehensive is not carried out.

Carlos Scheel, Tecnológico de Monterrey, México

Emeritus Professor, Tecnológico de Monterrey, México

Scheel, C. . (2021). May Circular Economy make sustainability strategies financially rewarding in Latin America?. Cuadernos De Administración, 37(70), e1011489. https://doi.org/10.25100/cdea.v37i70.11489

Ellen MacArthur Foundation [EMAF]. (2015). Growth within: A circular economy vision for a competitive Europe. McKinsey Center for Business and Environment.

Gates, B. (2021). How to avoid a climate disaster. Double Day.

Prahalad, C. K., & Hart S. L. (2002) The Fortune at the Bottom of the Pyramid: eradicating poverty through profits. Strategy and Business Magazine, (26). https://www.strategy-business.com/article/11518

Scheel, C. (2016). Beyond sustainability. Transforming industrial zero-valued residues into increasing economic returns. Journal of Cleaner Production, 131, 376-386. https://doi.org/10.1016/j.jclepro.2016.05.018

Senge, P., Smith, B., Kruschwitz, N., Laur, J., & Schley, S. (2010). The necessary revolution: Working together to create a sustainable world. Nicholas Brealey Publishing.

Stiglitz, J. (2015). The Great divide: Unequal societies and what we can do about them (1st ed.). W. W. Norton & Company.

Yunus, M. (2017). A World of Three Zeros. Perseus Books.

Webster, K. (2015). The circular economy: A wealth of flows. Ellen Macarthur Foundation.

World Business Council for Sustainable Development [WBCSD]. (2017). Sd.org. Retrieved from https: // www.d.org/Programs/Redefining-Value/External-Disclosure/Reporting-matters/Resources/Reporting-Matters-2017s