The space between the two is the doughnut, what Raworth describes as the “safe and just space for humanity.”Īmsterdam is leading the way when it comes to implementing the doughnut economy on a level. The outer circle of the doughnut is the ecological ceiling while the inner circle is the social foundation. Shaped like a doughnut, this model envisions the disc as a lifebelt where Raworth argues finding a “sweet spot” between the “social foundation” that allows everyone to lead a good life with the “environment ceiling.” Raworth argues that 20th century economic thinking is not equipped to deal with 21st century challenges and proposes doughnut economics as a framework for sustainable development. The doughnut economy is a theory first laid out by British economist Kate Raworth in a 2017 book. Doughnut economy: what is it and how does it differ from circular economy The idea of doughnut economy was first laid out by British economist Kate Raworth in a 2017 book | Image Credit: Kate Raworth In order to overcome the 21st century challenges, there is a need to rethink our economic structure and along with the circular economy, there is now growing interest in implementation of the doughnut economy. The current economic structure, or capitalism, has concentrated wealth in the hands of few and is also responsible for destroying the planet.
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