The Doughnut Economics

THE DOUGTNUT ECONOMICS OR THE QUALITATIVE GROWTH

The theory that Kate Raworth describes in her Doughnut Economics is one of the most inspiring sustainable economy models which many countries and cities around the world are using as a guide to change the old model of never ending growth.

 

AN OXFAM PAPER

Since the Doughnut was published as discussion paper by Oxfam in 2012 where Kate Raworth worked at the time, it has gained traction in very diverse places – from the UN General Assembly and the Global Green Growth Forum, to Occupy London. And has served as a guide for work reform in places like Lake Erhai in China, countries like South Africa, Wales, the UK and the city of Amsterdam in the Netherlands, the latest to join the will of renewal of its economy.

 

MODEL STRUCTURE

In this model the center hole depicts the life’s essentials which are not provided to everyone: healthcare, education, equality, and so on. The crust represents the ecological ceilings, the planet boundaries that must not be overshot. At the Centre would be the sustainable economy. The use of resources in a controlled way: recycling, the collaborative economy, the value of care as a retributive good. In short: Quality of life as a measure of prosperity.

 

 

A BALANCED ECONOMY

Kate Raworth believes that the global economy should become more like a household in its sustainability, making adjustments and balancing the total, so that all members of the family circle benefit as much as possible in all areas.

In her words: “Humanity’s 21st century challenge is to meet the needs of all within the means of the planet.”

For companies it would mean to generate social, environmental and cultural value. To share and promote joint creation and give back to the planet from which we depend on.