Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Economic Effects of Hosting World Cup in Brazil - Admission/Application Essay Example

Comments (0) Cite this document
This essay discusses the FIFA World cup 2014 that was held in Brazil, its impact on the country’s economy as well as making a comparison with the FIFA 2010 World Cup in South Africa. FIFA World Cup is a global event that can substantially improve the economy of the hosting country…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Economic Effects of Hosting World Cup in Brazil
Read TextPreview

Extract of sample "Economic Effects of Hosting World Cup in Brazil"

Download file to see previous pages The host cities will be exempt from Value Added Tax. Other infrastructural projects that the government has initiated in preparation for the events includes road system and bus rapid transit that will connect the hosting cities with the airports, light rail as well as 4,300 km of highways. Additionally, the government aims at allocating $5 billion to build new hotels that will be used during the World Cup as well as during the Rio de Janeiro summer Olympics that will be held in 2016. Other changes that the government has put in place since the announcement that World Cup 2014 will be held in Brazil include adoption of an integrated security system. The government has set aside approximately $900 million that it will invest in facial recognition system and as well as unmanned security system that will secure the visitors against terror attacks among other security challenges. Effects of the FIFA 2014 world cup on Brazil economy With the expansive infrastructural system that the Brazilian government is establishing, the transport system of the country will significantly improve thus making it easier for the movement of goods and services. Additionally, the infrastructural system is one of the major fiscal policies that will increase the level of employment in the country. As the result of the high number of visitors who will either be spectators or officials, the country national demand for goods and services will significantly increase. This will not only trigger the industries to produce more products but also it will create more job opportunities for the young people. As the country demand increase, foreign domestic investment will increase as firms will be aimed at...
This essay presents a modern comprehensive analysis of the economic impacts of hosting of the FIFA World cup on the economy of Brazil. Holding of international sporting activities such as football, racing, and athletics provide ample opportunities through which countries can improve their image in reference to political stability, security, economic development and social progress all of which are vital in attracting new investors. One of the international sporting events that attract large number of players and spectators is FIFA World cup.
With $11 billion being allocated by the Brazil’s government to host the competition, the government has embarked on refurbishment and construction of stadium. The host cities were exempt from Value Added Tax. Other infrastructural projects that the government has initiated in preparation for the events includes road system and bus rapid transit that will connect the hosting cities with the airports, light rail as well as 4,300 km of highways. Additionally, the government aims at allocating $5 billion to build new hotels that will be used during the World Cup as well as during the Rio de Janeiro summer Olympics. Other changes that the government has put in place since the announcement that World Cup 2014 will be held in Brazil include adoption of an integrated security system
Despite generating reduced revenue than expected in South Africa, the FIFA 2010 World Cup resulted to enhanced economy of the country in the form of increased job opportunities and improved transport system.
...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economic Effects of Hosting World Cup in Brazil Admission/Application Essay”, n.d.)
Economic Effects of Hosting World Cup in Brazil Admission/Application Essay. Retrieved from
(Economic Effects of Hosting World Cup in Brazil Admission/Application Essay)
Economic Effects of Hosting World Cup in Brazil Admission/Application Essay.
“Economic Effects of Hosting World Cup in Brazil Admission/Application Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economic Effects of Hosting World Cup in Brazil

Negative ECONOMIC impacts of the 2014 FIFA World Cup in Brazil

... economic impacts of hosting the FIFA World Cup. In the opinion of the researcher, there could be some very crucial negative economic impacts that the hostage of the FIFA World Cup comes with, but most of these have been ignored by host countries. In this research paper, Brazil is used as a case study, where the hosting of the 2014 FIFA World Cup is brought under perspective. The research paper shall be delimited to only the negative economic impacts of the 2014 FIFA World Cup and so will not look into other aspects like social effects. The approach to discussing the negative economic impact would be to look at different variables of economic parameters that may be of concern to the country’s economy, before, during and after the World Cup...
8 Pages(2000 words)Research Paper

Hosting the World Cup

...The Economic/Business Impact of a Country Hosting the World Cup Introduction The prestigious World Cup! Many countries would fall over each other or stop at nothing to get a chance to host this event in their country. Ever since the World Cup started in 1930, nations passionate about football have been doing their best to get the event hosted in their country. Today, the popularity of the game has grown so much that even populations which once had frowned upon the game are now vying with each other to send their teams for the event. The live coverage of the matches, especially the nail-biting semifinals and grand finals are today watched with great enthusiasm the world over. The World Cup Finals is the most widely-viewed sporting event...
2 Pages(500 words)Essay

Business/Economic Impact of a Country Hosting the World Cup

...Conclusion The assessment of the economic importance of the World Cup to a host its region and country has become a significant feature of the complete estimation of the value or worth of hosting the prestigious event. For instance, the ability of event promoters to obtain public funds often hinges on convincing a sometimes cynical public that hosting the event produces economic profit. It is crucially important therefore that the host city and the organizing committee are knowledgeable of the measure of economic benefits that hosting the World Cup may bring. The influence of the World Cup on the economy of a host nation has increased remarkably since the global media explosion. The net advantages are observed to be positive and extensive...
2 Pages(500 words)Essay

World Cup Airports

... in the World economy linked to changing political scenario. It is obvious that Airports considering the trends, the Airports will need to incorporate flexibility to adapt to rapid changes in technology and politico-economic factors which impact each other and the Airports’ functions. 3.0 PROBLEMS 3. Capacity and Delay Invariably, every list of issues faced by Airports has Capacity and Delay as the topmost item, on account of the persistently rising levels of delays at Airports. There is near unanimity among experts that Air Passenger traffic is sure to double or even go beyond, in the next ten to fifteen years. The problem of delay is bound to witness a worsening rather than improvement, in that case. Considering the scarce resources...
15 Pages(3750 words)Essay

Marketing of World Cup

In order to understand well the history of soccer, it is appropriate to grasp how the professional sports came into being. People have always sought to have and enjoy leisure time which in most cases was not possible. This urge built up and people were able to form some organized sports in the mid ninetieth century. Before then, people, especially in America, had some forms of skills but they had not been put into practice and they were not standardized. It is the increased interests and the urge to make the recreational activities better and enjoyable that led to the development of various rules and regulations to govern the activities such that they became more organized. The organized groups developed into more established and...
22 Pages(5500 words)Essay

World cup in Brazil

... World cup in Brazil Introduction The organization of international sporting events in a country has a number of benefitsand drawbacks. Focusing on the FIFA World Cup to be held in Brazil in the year 2014, there are several benefits that are expected. On the other hand, there are drawbacks that mainly affect the lower-class citizens of the host nation, who represent the majority of the citizens. This paper looks into some of the advantages and disadvantages expected to feature in the 2014 FIFA World Cup in Brazil. The advantages and disadvantages of the international competition Some of the challenges that come about from hosting the competition include the safety of the people who will be present in the competition and the cost...
1 Pages(250 words)Assignment

Does FIFA bring an economic upturn in countries hosting the world cup

...Impact of FIFA on Economy Contents Contents 2 0 Introduction 3 2.0 Theoretical framework 4 2 Revenue generation 5 2.2 Infrastructure development 5 2.3 Image 6 3.0 Findings 6 3.1 Revenue generation 6 3.2 Infrastructure development 8 3.3 National Image 10 4.0 Conclusion 12 References 13 Impact of FIFA on Economy 1.0 Introduction This paper offers an empirical examination on the impact of the FIFA World Cup on the hosting country’s economy. Countries such as Germany, Brazil, South Africa, South Korea and Japan after hosting the Fédération Internationale de Football Association (FIFA) soccer finals their economy have tremendous improved. For instance, the estimated economic impact in Germany is about 2 billion dollars, 5billion in South...
10 Pages(2500 words)Research Paper

Does FIFA bring an economic upturn in countries hosting the world cup

world Cup was estimated to have added the GDP to Brazil of at least $ 30 billion, and (Baumann, Engelhardt & Matheson (2012), argues that the world cup results in temporary upsurge in real employment, while Pillay & Bass (2008) point out that perhaps they are motivated by the need to reduce poverty. There is a great debate on the real economic potential for the host nation of the FIFA World Cup; critics of its economic potential argue that the 32-day tournament results in costs that outweigh the real economic benefits (Lee & Taylor, 2005). Conversely, proponents point out that the tournament has an impressive quantifiable real economic plus to the economy (Baade, & Matheson, 2004).
Obviously, high number of travelling fans co...
10 Pages(2500 words)Essay

Impact of the 2022 World Cup hosting in Qatar

... growth in Qatar. 54% 38% 6% 2% World cup will offer more jobs for people. 66% 22% 10% 2% Qatar will have high inflation due to hosting World cup 2022. 58% 20% 16% 6% Qatar will have the highest quality of infrastructure in 2022. 52% 26% 18% 4% International companies may leave Qatar after 2022. 14% 30% 44% 12% Average 49% 27% 19% 5% Most Qataris are anticipative that Qatar’s economy will benefit from hosting the world cup with 54% totally agreeing that the event will lead to economic growth, 38% moderately expecting the growth, and 8% believe that the economy will not grow. A whopping 88% of Qataris expect more jobs to be created in the years to the event while only a 12% believe that the level of employment in the country will remain...
5 Pages(1250 words)Essay

The Economic Impact of the Emergence of China and India

The main macroeconomic variable that toys in the global economy’s shift are the emergence of India and China as new superpowers. This emergence certainly has a number of implications, but among the most relevant are: disruption of the equilibrium of the global economy which results in rising demand of goods, giving way to worldwide inflation; the attractiveness of outsourcing to these countries due to low cost but high talent workforce of these countries for cheaper operations.
The growing middle class of China and India results in booming demand for the automobile industry. This increase in demand, with the increasing purchasing power of these countries’ people, is not limited to automobiles but more apparent in...
10 Pages(2500 words)Assignment

Managing Emerging Technologies: The World Bank Group

information Technology helps the businesses in cutting costs and creating value to the organization as a whole, by minimizing the digital divide. This helps in developing new and effective business processes as well as in making value propositions especially in the new and modern corporate world whose business network is spread far and wide, such as the World Bank for instance. Information technology plays a vital role in integrating systems and strengthening the strategic ties between service providers and customers, thereby rendering effective services.
The World Bank is involved in various activities providing a wide range of services to several developing and in transition countries across the globe. The bank, owned, fina...
11 Pages(2750 words)Case Study

The Effects of Media to Its Audience

... The Effects of Media to Its Audience Introduction Media is known to have an influence on the audience. This can be attributed to the fact that the relationship of media and the audience completes the basic process of communication. The media and its components can be considered as the stimuli causing the audience to react in different ways. One of the main areas of interest in the said field is the affective process of the media. In the study undertaken, the main objective is to present the ways and means which exhibit the effects of the media on the different types and classification of audiences. In addition, the said effects are also classified into advantageous and detrimental in nature. The Media and the Audience The effects...
7 Pages(1750 words)Case Study

The Effects of Financial Crisis on Supplier Selection Criteria of the Oil and Gas Industry Equipment Market

It is a difficult task to find those vendors who not only have the adequate quality and quantity of the needed raw materials but who also have an attitude of efficiency and display commitment to customer service (Sonmat, 2006). Further, organizations also strive to locate and select vendors who can be depended upon for long term relationship.

The number of factors or attributes desired from the vendor is vast, and different organizations and different industries place different importance on the attributes (Sonmat, 2006). Some of the vendor attributes may gain importance owing to the nature of the industry, for example, in the case of consumer perishables suppliers, like fresh vegetables or fruits, the buying firm would...
20 Pages(5000 words)Literature review

The Origins of the Second World War

The accord at present is that it was Hitler's resolve to change the basis of European society that took the war to Europe in 1939. It was not essentially the war he was planning for; the facts propose that Hitler was intending to set up Germany for a huge conflict with Russia in the early 1940s. However, indisputably it was a war forced by his persistent pursuit of strategies that stood on race and on space (Henig, 1997).

The Second World War was originated due to the Fascist attack and the failure of democratic powers to prevent this assault. There seem to be a number of reasons for the Second World War to occur. German rearmament started after Hitler left 1932-34 Geneva Disarmament Conference, declaring that as the po...
7 Pages(1750 words)Article

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages(1750 words)Coursework

Globalization and World Economic Forum at Davos 2010

The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment, and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and academia. Some markets are highly globalized, while some are not. The scale of market globalization is determined by the extent of globalization of customers, customer needs, distribution channels and marketing strategies of the players in the industry (Stonehouse et al, 2004).

The phenomenon of globalization of markets has resulted in both advantages and disadvantages. It has resulted in the convergence in the requirement of features in a product and augmentation of the intensity of B2B and B2C communica...
7 Pages(1750 words)Coursework

Comparing the Brave New World and Todays World

... A Brave New World 26 February Introduction Man has always wondered since time immemorial about his ultimate place in the big universe. He had attempted to find meaning in this scheme of things without much success. A key repeated theme is seeming failure to find that true meaning that will justify his existence. What usually happens is that the more Man goes deeper into the search for ultimate meaning, the more he finds nothing. This is confounding, to say the least, and goes to show how useless the search could be. Many people had been doing this search several times and came up with nothing. Out of this seeming hopelessness and uselessness came the philosophical idea of the absurd – that Mans search for individual meaning is bound...
8 Pages(2000 words)Term Paper

Qatar Hosting 2022 World Cup & its Infrastructure

...Qatar Hosting 2022 World Cup & its Infrastructure Table of Contents Introduction 3 The Bid 3 Planning for the Infrastructure Development 4 Economic Support for the Project 5 The GCC (Gulf Cooperation Council) Infrastructure Guide 5 Project for Infrastructure 6 Stadium Development 8 The Lusail Iconic Stadium 8 Doha Port Stadium 8 Sports City Stadium 9 Education City Stadium 9 Umm Slal Stadium 9 Qatar University Stadium 10 Al-Gharafa Stadium 11 Al-Khor Stadium 11 Al-Rayyan Stadium 11 Al-Wakrah Stadium 12 Al-Shamal Stadium 12 Khalifa International Stadium 13 Infrastructure Enhancement 13 Development Plans 14 Conclusion 15 References 16 Introduction The Federation International de Football Association (FIFA) regulations form the Constitution...
10 Pages(2500 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Admission/Application Essay on topic Economic Effects of Hosting World Cup in Brazil for FREE!

Contact Us