- Nov 2022
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view.connect.americanpublicmedia.org view.connect.americanpublicmedia.org
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Most of the tourist and sporting infrastructure had to be built at enormous expense — estimates range anywhere from$200 billion to $300 billion. Yet the return on investment for huge events like this is rarely positive. The Olympics are infamously pricey to put on, and the economic benefits for residents of the host city are questionable. So, with the big price tag and not much to show in return, why do countries like Qatar, Russia and Brazil offer up billions of dollars to host global sporting events? According to Victor Matheson, a professor of economics at the College of the Holy Cross and a former Major League Soccer referee, they may be seeking to burnish their reputations through international media coverage. “If you’re putting any sort of significant money into infrastructure like Qatar obviously is doing, there’s just no way you can make that back on ticket sales, on media rights, [or] on the amount of money you make from tourists coming to visit your country,” Matheson said in an interview with Marketplace’s David Brancaccio. “So obviously, you’re hoping for some sort of long-run benefits, some sort of legacy, and often that is an improvement in your reputation, either as a tourist destination or as a world player in some ways.”
Alternate thesis for why countries and cities vie to host money-losing events like the World Cup and the Olympics: grift.
With the necessary need for building infrastructure, there's easy and ample opportunity for cooking the books and pushing cash flow into the pockets of contractors and political figures as well as into the pockets of the governing bodies and their officials.
Cross reference FIFA bribery
Some of the money may go into the local economy and workers which is good, but who's really benefitting here? Where is the money going? Who is footing the loss? It can't all be written off to goodwill.
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- Feb 2022
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www.nejm.org www.nejm.org
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Altarawneh, H. N., Chemaitelly, H., Hasan, M. R., Ayoub, H. H., Qassim, S., AlMukdad, S., Coyle, P., Yassine, H. M., Al-Khatib, H. A., Benslimane, F. M., Al-Kanaani, Z., Al-Kuwari, E., Jeremijenko, A., Kaleeckal, A. H., Latif, A. N., Shaik, R. M., Abdul-Rahim, H. F., Nasrallah, G. K., Al-Kuwari, M. G., … Abu-Raddad, L. J. (2022). Protection against the Omicron Variant from Previous SARS-CoV-2 Infection. New England Journal of Medicine, 0(0), null. https://doi.org/10.1056/NEJMc2200133
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- Oct 2021
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ourworldindata.org ourworldindata.org
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Coronavirus Pandemic Data Explorer. (n.d.). Our World in Data. Retrieved March 3, 2021, from https://ourworldindata.org/coronavirus-data-explorer
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URL
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- May 2021
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www.nytimes.com www.nytimes.com
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Anthes, E. (2021, May 5). Pfizer-BioNTech Vaccine is Highly Effective Against Variants, Studies Find. The New York Times. https://www.nytimes.com/2021/05/05/health/coronavirus-pfizer-vaccine-variants.html
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- Jun 2020
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psyarxiv.com psyarxiv.com
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Abdelrahman, M. K. (2020, April 14). Personality Traits, Risk Perception and Social Distancing During COVID-19. https://doi.org/10.31234/osf.io/6g7kh
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