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MEGA‐SPORTING EVENTS IN DEVELOPING NATIONS: PLAYING THE WAY TO PROSPERITY?
Author(s) -
MATHESON VICTOR A.,
BAADE ROBERT A.
Publication year - 2004
Publication title -
south african journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.502
H-Index - 31
eISSN - 1813-6982
pISSN - 0038-2280
DOI - 10.1111/j.1813-6982.2004.tb00147.x
Subject(s) - prosperity , mega , developing country , political science , development economics , business , international trade , economics , economic growth , law , physics , astronomy
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.