Doughnut Economics
Hope for economic change in wake of pandemic
A radical new theory provides an alternative to the current economic model, shifting away from GDP as the ultimate measure of success. Could it be a solution for struggling post-Covid economies?
Economist Kate Raworth, who suggested the model, says: 'This is the shift we need to make if we, humanity, are going to thrive here this century'. Amsterdam became the first city to formally adopt the model in March 2020. Deputy Mayor Marieke von Doorninck saw the pandemic as an opportunity: 'This is a time when people start thinking about what is really important in life'. With other cities set to follow, could this be the future?
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