The impact of hosting major sport event on the South African economy. A good example comes from the South African construction sector.
In other words, there is a risk that FIFA will be able to spin the current indictment as affecting just a few bad members of the organization and not the organization as a whole, as it has already done several times in the past. While the event contributed to the dynamic development of the infrastructure within a country, it had relatively low influence on overall economic growth and employment stability.
I feel this way because annually at 40 UEFA club competition matches, players are accompanied onto the field by children wearing Unite Against Racism T-shirts, while team captains wear matching armbands.
The cost-benefit analysis of the World Cup prepared in by a consultancy firm, Grant Thornton was optimistic and assumed significant profits for South Africa in various areas such as massive national incomes, higher investments and employment as well as the development of tourism.
As of today, the committee, however, appears to have cast doubt on its own decision. Subsequently, sport mega-events and their economic effects for the host country has became the subject of various economic impact studies, the most significant of which are shortly presented below Anton, et.
First, the World Cup fell on the period of strong global recession what can partly explain why the economic outcomes of the World Cup were lower than expected. Indeed the World Cup had a large economic impact on South Africa.
Corruption over the span of a couple years could be attributed to a few "bad eggs" within the organization; corruption reaching back across generations of FIFA members, on the other hand, would necessarily have to be attributed to the organization itself, and to the general culture and values that the organization tends to foster.
There are 10 large stadiums, built in South Africa in order to meet the World Cup requirements.
This explains the nature of the specific charges that have been brought against FIFA. These figures were adjusted in Instead, it deepened the inequalities across the country. The World Cup benefited significantly some sectors such as constructions, transport and tourism. Works Cited Alberici, Emma.
They examined how profitable hosting sport mega-events were for developing countries. One of them were high expenditures associated with the World Cup that had to be covered by the national government, as explained above.
Additionally, in spite of widely available labour force in developing countries, the quality and skills of them mostly do not meet the requirements.
In fact, World Cup economic boost reached 38 billion, while the gross impact of the World Cup on the national economy, in the form of production and incomes, was finally estimated at R93 billion Marrs, Hence, it became clear that the corruption was a major cause of the disparities between estimated and actual expenditures in South Africa, where the Corruption Perception Index, a common measure of national level of corruption, reached 4.
Further, South Africa was able to develop its infrastructure that without doubt is the most visible legacy of the event. The official unemployment rate decreased from There is a number of scholars that conducted research on the economic consequences of the sport mega-events for the host country by analysing the previous cases of FIFA World Cups and the Olympic Games.
There are two major factors that had an influence on this relatively low contribution to the national GDP. The World Banka Database Corruption Perception Index [online] Available from: A positive but still minor consequence of the World Cup seems to be slow development of foreign trade and investments.
According to the estimations a number of foreign tourists visiting South Africa has tended to increase since The World Banka Database In fact, South African government announced that the total spending reached R33 billion, while most of the economists postulated that these spending were higher and ranged between R50 and R80 billion Amato, South Africa targets R bn foreign investments [online] Available from: Heinrich Boll Foundation Additionally, as the World Cup fell on the time of global recession, the football funs reduced their duration of stay in South Africa and cut down their expenses to an average of R15, Marrs, The ticket prices R and train route rich areas of the country indicated that the train has mostly served selected rich groups of people.We will write a custom essay sample on Does FIFA Do Enough To Prevent Racism In Football specifically for you.
for only $/page. Order Now. But this is not the case, the degree of Racism in football is simply unacceptable.
We will write a custom essay sample on Does FIFA Do Enough To Prevent Racism In Football specifically for you. for. One of the world’s most popular sports is soccer.
This sample politics essay explores the corruption of FIFA, scandal details and efforts to solve the problem.5/5(3).
FIFA Business in the News: Ethics FEEL GOOD FOODS, FIFA & CORRUPTION This is a research paper that focuses on ethics and corporate social responsibility. These themes are viewed through the lens of a topical issue reported on widely in the news media: corruption in professional sports and its impact on sponsors.
This assignment requires. Free Essay: Fifa has made £1,, per year from sponsors, television and the World Cup. Fifa’s latest financial amount over the four years to the end. Bruce W.
Bean. Michigan State University - College of Law. An Interim Essay on FIFA's World Cup of Corruption: The Desperate Need for International Corporate Governance Standards at FIFA (January 13, ).
ILSA Journal of. The following essay is an in-depth analysis of the effects of the World Cup on South African economy that aims to examine how profitable this sport event was for the country.
First the essay focuses on the methodology used in the following research.Download