

"The city of Amsterdam has always been a pioneering city. Raworth said many more towns and cities worldwide are in contact with DEAL every week, and work continues with partners in Costa Rica, India, Bangladesh, Zambia and Barbados, among others. Belgium's capital city of Brussels went on to adopt the doughnut in late September, while the Canadian city of Nanaimo voted to follow suit in December.

Within six weeks of Amsterdam's announcement, Raworth told CNBC that policymakers in Copenhagen, Denmark had started exploring the concept. Its goal is to ensure nobody falls short of life's essentials, from food and water to social equity and political voice, while ensuring humanity does not break down Earth's life support systems, such as a stable climate and fertile soils. Ridiculous though that sounds, it is the only doughnut that actually turns out to be good for us," Raworth told CNBC via telephone. "The compass is a doughnut, the kind with a hole in the middle. The Dutch capital of Amsterdam became the first city worldwide to formally implement doughnut economics in early April last year, choosing to launch the initiative at a time when the country had one of the world's highest mortality rates from the coronavirus pandemic.Īmsterdam's city government said at the time that it hoped to recover from the crisis and avoid future crises by embracing a city portrait of the doughnut theory.Īs outlined in Raworth's 2017 book, doughnut economics aims to "act as a compass for human progress," turning last century's degenerative economy into this century's regenerative one. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
