The research aim underlying the present paper will be to evaluate how far the soccer world cup of 2010 held in South Africa affected the economy of the nation. South Africa being a developing nation needs an external boost at any point of the time so as to enhance its economic growth rate…
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This essay stresses that preparation for a popular event such as the World Cup could take up a prolonged period of time and employs a large number of people in the process hence creating employment within the nation. Furthermore, the demand for investment in the host nation rises as well which actually spurns the national income of the concerned nation. Such a process could actually boost the economic growth rate of a nation, especially when it is a developing one. In order to evaluate this theoretical truth, the present paper carries out an empirical examination of the fact in context of the developing economy of South Africa.
The possible outcome of the research could actually assist in enhancing the preparations of the national government when faced with an upcoming important event like the World Cup. This is because such an event not only promotes economic development in a nation but is also associated with betterment in the innate infrastructure of the concerned nation. Hence it is important for the nation to be prepared aptly for the purpose given that potential gains from an incident cannot be availed if the underlying factors are not utilised to their optimum level. This is in line with the economic theory that unless marginal productivity of factor is realised to its fullest, the profit margin cannot be maximised. The economic impact that a global impact is likely to impose upon a nation could be observed both in qualitative as well as quantitative terms.
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“Economic Impact on South Africa Post Soccer World Cup: Research Essay”, n.d. https://studentshare.org/macro-microeconomics/1575547-economic-impact-on-south-africa-post-soccer-world-cup-research-proposal.
In this framework, the location of the World Cup is very important because it adds value to a country, region or city which becomes the media center of the planet. It is this relationship between events and the World Cup site which gives all its strength to the Cup.
Most of the impact is felt by the local businesses. This event had both positive and negative effects on South African local businesses. Given the impact of the event on the economy, several scholars have analyzed these issues. Their articles show the impact during preparation, during the tournament, and after the tournament.
For instance, it is argued that sport helps check on diabetes that is caused by lack of insulin to control blood sugar levels. Studies pertaining sports reveal that gentle sports exercises enable stabilization of levels of blood sugar levels in diabetic patients (Swami, n.d.).
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 essay will begin with a brief background preview of the South Africa’s tourism sector. Just like many other African countries, South Africa also depends on its tourism sector as a major source of income for the country’s economy. The country is endowed with unique and beautiful tourism attraction sites.
The Wall Street Journal. Retrieved from http://www.wsj.com/articles/brazil-central-bank-slashes-2014-growth-forecast-1412018130#livefyre-comment 16
This paper offers an evaluation on the impact of the FIFA World Cup on the hosting country’s economy. Last
In the same survey, 52% of the participants totally agree with the statement that World cup will offer more training for managers & employees whereas 40% agreed. Only 8% of participants disagreed with the
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