“Doughnut” city model – new way and perception of economics
Amsterdam will be the first city in the world to officially adopt the “doughnut” model of economics – a simple way to illustrate an economic system where the city doesn’t let anyone fall into poverty, while also living within a sustainable environmental footprint.
The model, developed by U.K. economist Kate Raworth, is a simple way to illustrate a complex goal. The inner ring of the doughnut represents minimum standards of living, based on the UN’s Sustainable Development Goals. This entails the basic essentials everyone needs to thrive, from food and clean water to gender equality and adequate housing. The outer ring of the doughnut represents the ecological limits of the planet, from biodiversity loss and air pollution to climate breakdown. Amsterdam wants to stay between the inner and outer rings.
Read more on Fact Company web site, under World Changing Ideas section.