Global Bioeconomy: History, Visions and Limitations

The present paper aims to shed light in the interdisciplinary field of bioeconomy. Bioeconomy is represented by key stakeholders as a prominent alternative paradigm of socioeconomic organization. However, bioeconomy is still a work in progress. As a result, there are diversified perceptions about the definition, the visions, and the goals which the proposed bioeconomy strategies aim to address. A detailed literature review was conducted in order to depict the evolution of bioeconomy, as a concept. The evolutionary process of the definition led to the creation of the three main visions, namely: biotechnology, bioresource and bioecology.Furthermore, the paper aims to identify the major constraints to the implementation of bioeconomy in practice, emerging as obstacles in the acceleration of the transformational process towards forming bio-economies worldwide.