Mega-Sporting Events in Developing Nations: Playing the Way to Prosperity?
Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. Developing countries have become increasingly vocal in demanding a share of the economic benefits of these international games. The specialized infrastructure and operating expenses required to host these events, however, can be substantial. Independent researchers have found that boosters’ projections of the economic impact of sporting events exaggerate the true economic impact of these competitions, and these events are an even worse investment for developing countries than for industrialized nations.
|Date of creation:||Sep 2004|
|Publication status:||Published in South African Journal of Economics, Vol. 72:5, December 2004, pp. 1084-1095.|
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