doughnut economics

Syllable breakdown

Dictionary meaning

a framework for sustainable economic development developed by economist Kate Raworth, which represents a safe and just space for humanity as the area between two concentric rings: a social foundation below which no one should fall (covering basic needs from food and water to political voice and social equity) and an ecological ceiling above which planetary boundaries should not be breached; the shape of the safe space resembles a doughnut; the framework redefines the goal of economics from endless GDP growth to thriving within this doughnut-shaped zone; it has been adopted as a planning framework by the cities of Amsterdam, Copenhagen, and Brussels and has influenced policy debates about post-pandemic economic recovery and green new deals