‘Doughnut economics’ shows how global growth is out of balance - and how we can fix it

By Warwick Smith, Honorary Fellow, School of Social and Political Sciences, The University of Melbourne

A new update to an influential economic theory called “Doughnut Economics” shows a global economy on a collision course with nature.

The influential book by Kate Raworth, Doughnut Economics: Seven Ways to Think Like a 21st Century Economist, was first published in 2017. It was lauded for its ability to convey the complexity of global social and environmental issues in a single, easy-to-understand diagram.

The doughnut shape represents the safe and just operating space for humanity.

The hole at the centre…

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