Download file to see previous pages...
The transformation in these countries is commonly contributes by increase of tourists visiting the country, sufficient infrastructures, security as well as the boost of morale brought by the good feeling of hosting the World Cup (Crnelissen, 2014). Additionally, FIFA also generated billions during the World Cup, some of which the hosting country gets as tax revenue. For example, by the end of 2010 the organization had generated 4.189 billion dollars and addition 3.6 billion dollars from World cup not directly related to world Cup (FIFA, 2007). This explains the fierce competition in the bids for the opportunity to host the World Cup.
Currently, even the developing countries are actively bidding for the chance. Could this be as a result of the economical development that has been recorded in the host countries before? This makes one wonder the worth of world Cup to the nation hosting it. The purpose of the study, therefore, is to identify whether the host country’s economy benefits from the World Cup. In this case, the research question can be phrased as follows “Does FIFA bring an economic upturn in countries hosting the world cup?”
The answer to this question is outlined in this paper by concentrating on some of the most significant economic aspects that greatly contribute to the growth of a country (Andreff, 2012). The paper further relates these aspects to the World Cup and the impact it has on them. The paper is divided into three sections. The first one is a theoretical framework that outlines the definition of economical terminologies, concepts, the scope and criteria of study analysis. The second section is the methodology of presenting the study while the third section describes the findings of the study.
In this section, the paper proposes four major economic indicators, which are used to determine the upturn or downturn of an economy. Further, FIFA’s impact on the economy will be defined from
...Download file to see next pagesRead More
The study shows that the employment level in the country increases for that particular year in which the tournament is held and as people from different parts of the world come to see their players play the game, they come and spend money and therefore several businesses particularly that are either directly or indirectly impacted by the tourism industry grow.
Brian Westfall wrote in The Toronto Sun that “in this alternate universe Qatar 2022 is not just a shock, it’s insane, it does not make sense that is obvious” (Cohen, p.14).However, “Qatar's bid Chief Executive Hassan Al Thawadi expresses confidence in the capability of Qatar to provide a unique experience for the World Cup and to build all the necessary facilities for the event” (The Case for Qatar, p.21).
Its economic growth has averaged at 9% over the last ten years, and despite the credit crunch was able to register a 10.3% GDP growth in 2011i . The extrapolation of the strength of China and the emerging economies leads to the analysts’ projection that they will most likely overtake the G7- the world’s largest industrialized markets by 2032ii.
In 2010, China became the second largest economy in the world. It overtook Japan, Germany, UK, France and all other industrialized countries in Western Europei. As of today, it registered a phenomenal growth rate of 9.7% (second quarter of 2011) despite the volatile international situation which is way ahead of the dismal 2% growth rate of United States.
According to the report people can state that the information technology revolution brings “up to the minute” knowledge. It makes individuals reason as “one”. This “one” relates closely to Averroes' idea of "Virtual Mind". Virtual with regards to the Internet falls under the term digital. Though present, it fails to be located in some places.
It is hosted quad-annually, meaning once every four years. Once the World Cup bid is up for nomination, several countries put in bid due to a number of reasons. Generally, countries put in their bids looking at the merits that they will derive from socio-economic perspectives.
In fact many a times the correlation between sports and nationalism transcended the domain of honest patriotism and degenerated into abject xenophobia and chauvinism (Pauly 8). However, in the current times sports do happen to be an intimate aspect of the much larger and somewhat controversial concept of globalization.
This can be evident from the quotes of an American book, Offside, “The sport the world made its own was association football, the child of Britain’s global presence…..This simple and elegant game, unhampered by complex
rection, they addressed their product with new business methods that provided not only hygienic solution to their menstrual needs but also health education, awareness and financial opportunities for the women. They focused mainly on the poor and developing nations, where
Human rights are norms or moral principles that express certain principles of behavior of human beings. In the international level,they are in the international laws like the United Nations’ Universal Declaration of Human Rights or regional bills of human rights as the African Charter on Human and People’s Rights or the European Convention on Human Rights
7 Pages(1750 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic Does FIFA bring an economic upturn in countries hosting the world cup for FREE!