being World Championship Hosting is usually considered to bring a variety of economic benefits.
But the benefits of winning the trophy far outweigh those of hosting the event, according to a new newspaper.
Hosting the World Cup aims to help nations position themselves on the international trade map. That’s why Qatar has spent a record US$300 billion on infrastructure since winning the bid to host this year, building seven new state-of-the-art stadiums, as well as a new metro line, an airport expansion and several urban development projects.
Qatar is embarking on a major step to present itself as a modern and industrialized nation, differentiating itself from some of its Middle Eastern neighbors.
But there’s a cheaper way to take advantage of World Cup presence: to win it.
According to a recent article by Marco Mello by the University of Surrey in the UK, winning a World Cup increases GDP growth by at least 0.25% in the two quarters following a final win.
Argentina meets France on Sunday 18 December in a final expected to be watched by at least 14% of the world’s population. 1.12 billion people watched the 2018 final between France and Croatia. A total of 3.572 billion people tuned in to watch at least one match during the competition this year, according to official FIFA figures.
The increased presence translates into “enhanced export growth consistent with greater post-victory appeal of national products and services in the world market.”
This could be a big win for Argentina. The South American country has recorded annual inflation of 92% so far this year, which is expected to top 100% in December.
The country is known for historic political and economic crises that have led to internal struggles that have prevented it from exploiting its rich natural…
[ad_2]
Source story
