Ian Mausner Games The Economics of Hosting a FIFA World Cup

The Economics of Hosting a FIFA World Cup

The biggest concern with the hosting of such a tournament is its negative effects on the economy. The influx of wealthy foreigners can lead to high prices for consumer goods. In addition, it diverts resources from other areas of the country that need urgent improvement. For example, there were complaints of small local vendors in Brazil who were forced to stop selling their goods due to the influx of tourists.

However, in the long term, hosting a ลงทะเบียนเข้าสู่ระบบ UFABET กับ UFABETCompany can bring profits to the host country through increased tourism. UC-Berkeley scholars Spiegel and Rose argue that the positive image created by hosting the World Cup can increase international trade and investment by increasing a country’s competitiveness in global markets. This positive national image can also improve a country’s stock market, as British scholars J.K. Ashton, B. Gerrard and R Hudson showed.

The Price of Prestige: Understanding the Economics of Hosting FIFA World Cups

In the short run, the influx of tourists can stimulate consumption in retailing, accommodation, and tourism. In addition, the construction of new stadiums can provide a significant boost to the construction industry and create jobs. However, this doesn’t fit the long-term situation because tourists leave when the World Cup ends.

In addition, huge international sporting events bridge societal divides – the 2018 Winter Olympics was an excellent example of this when athletes from North and South Korea marched together under one flag. Finally, such an event can encourage children to take up sport which may have a positive effect on a country’s healthcare system in the future.

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