931. Robert A. Boland and Victor A. Matheson debate: Do megasports events contribute to economic development?
- Author:
- Robert A. Boland and Victor A. Matheson
- Publication Date:
- 04-2014
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- The urgency and scale of hosting can provide a needed boost to public investment and transform a country's image, infrastructure and business conditions beyond the games. BY ROBERT A. BOLAND Do megasports events contribute to economic development? Yes Following the 2014 World Cup? Read more coverage here. In the next two years, Brazil will host the three largest mega sports events in the world: the 2014 FIFA World Cup this summer, and then the Summer Olympics and Paralympics in Rio in 2016. Other nations in the Americas and across the globe will be watching to see if Brazil's hosting duties lead to broad-based, lasting growth, or are merely an expensive distraction. While history provides examples of both scenarios, hosting such megaevents can provide lasting and transformative value, including to developing nations. Megaevents can accelerate the process of planning for and executing much-needed public investment, while the host countries or cities can rebrand themselves as safe for investment and trade, and as a destination for tourism. For democratic governments, the construction blitz around megaevents can cut through political deadlock, representing the best available chance to quickly bring about focused and necessary change. The ability to develop infrastructure that can improve the quality of life, health and economic strength of the host nation is key. Hosts with plans focusing on self-improvement, investment and the enlargement of existing assets tend to fare better than countries that simply build competition venues.
- Topic:
- Development and Economics
- Political Geography:
- America and Brazil