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Doughnut economics model. Photo: Wikimedia Commons Nepal finds itself at a critical juncture in its economic journey, where it must break away from outdated models and embrace a new way of thinking to achieve inclusive prosperity. Traditional economic approaches, solely focused on GDP growth, have proven to be inadequate in addressing the complex challenges the nation faces. Hence it is time that Nepal should take a leap for a transformative paradigm shift based on the principles of doughnut economics . It is a holistic framework that places social equity and environmental sustainability at the core of economic policymaking. By prioritising these values, Nepal can unlock its economic potential and pave the way for a prosperous and inclusive future. Understanding doughnut economics Doughnut economics, coined by renowned economist Kate Raworth, presents a new vision for the 21st-century economy. The concept revolves around two fundamental boundaries—a social foundation and an ...