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| economics of world cup: Football Economics and Policy S. Szymanski, 2010-03-31 This volume deals with the competitive structure of football. It examines the relationship between sporting success and economic variables, the structure of European competitions, financial problems in football, their origins and options for reform, racial discrimination in English football, and the economic impact of the World Cup. |
| economics of world cup: Circus Maximus Andrew Zimbalist, 2020-06-30 Beyond the headlines of the world's most beloved sporting events Brazil hosted the 2016 men's World Cup at a cost of $15 billion to $20 billion, building large, new stadiums in cities that have little use for them anymore. The projected cost of Tokyo's 2020 Summer Olympic Games is estimated to be as high as $30 billion, much of it coming from the public trough. In the updated and expanded edition of his bestselling book, Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup, Andrew Zimbalist tackles the claim that cities chosen to host these high-profile sporting events experience an economic windfall. In this new edition he looks at upcoming summer and winter Olympic games, discusses the recent Women's World Cup, and the upcoming men's tournament in Qatar. Circus Maximus focuses on major cities, like London, Rio, and Barcelona, that have previously hosted these sporting events, to provide context for future host cities that will bear the weight of exploding expenses, corruption, and protests. Zimbalist offers a sobering and candid look at the Olympics and the World Cup from outside the echo chamber. |
| economics of world cup: International Handbook on the Economics of Mega Sporting Events Wolfgang Maennig, Andrew S. Zimbalist, 2012 From the Olympics to the World Cup, mega sporting events are a source of enjoyment for tens of thousands, but can also be a source of intense debate and controversy. This insightful new Handbook addresses a number of central questions, including: How are host cities selected and under what economic conditions? How are these events organized, and how is local resistance overcome? Based on historical and empirical experience, what are the pitfalls for the organizers of these events? What are the potential economic benefits, including any international image effects? How can the costs be minimized and the benefits maximized for host cities and countries? How do these mega events impact the challenges of globalization and what is their environmental legacy? Compiled and edited by two internationally renowned sports economists, the expert contributions elaborate on the specific mechanisms of the bid processes, analyse the determining factors of winning bids, and illustrate how to construct future bid campaigns. Underpinned by case studies from four continents and by theoretical considerations, the reasons for seemingly systemic cost overruns are explored and analysed, as are the effects on national and regional employment and income, property values, non-traditional economic variables (such as psychological and marketing benefits) and urban branding and transformation. The Handbook also reflects on important elements of design of the games in order to better plan, prepare and allocate resources – including, for example, sustainability issues and the use of campaigns to secure positive perceptions. This book provides an up-to-date analysis of the financing and economic impact of mega sporting events, as well as a full discussion of how host cities can maximize the benefits from their experience. As such, it will prove a fascinating read for academics, students, researchers and policymakers with an interest in economics and public sector economics generally, and more specifically, in the economics of sport. |
| economics of world cup: The Economics of Football Stephen Dobson, John Goddard, 2011-02-10 The second edition of this popular book presents a detailed economic analysis of professional football at club level, with new material included to reflect the development of the economics of professional football over the past ten years. Using a combination of economic reasoning and statistical and econometric analysis, the authors build upon the successes and strengths of the first edition to guide readers through the economic complexities and peculiarities of English club football. It uses a wide range of international comparisons to help emphasize both the broader relevance as well as the unique characteristics of the English experience. Topics covered include some of the most hotly debated issues currently surrounding professional football, including player salaries, the effects of management on team performance, betting on football, racial discrimination and the performance of football referees. This edition also features new chapters on the economics of international football, including the World Cup. |
| economics of world cup: The Global Economics of Sport Chris Gratton, Dongfeng Liu, Girish Ramchandani, Darryl Wilson, 2012-08-21 Sport has become a global business. There is no corner of the Earth that isn't reached by coverage of global sporting mega-events such as the Olympics or the World Cup, events managed by international governing bodies such as the IOC and FIFA that operate like major international businesses. Companies such as Nike now design, produce, distribute and market their products across every continent, while an increasingly important part of every country's sport market is now international in terms of its influences and opportunities. This book is the first to examine the economics of contemporary sport using the global market as the primary unit of analysis. Starting with a survey of the changing nature of the sports market over the last hundred years, the book explores the difficulties of measuring the true scale and impact of the global sports economy, employing a wealth of empirical data to define and analyze the sports market and all its sub-sectors. In doing so, the book draws on case studies from the UK, Europe, North America and beyond. This book is essential reading for any student or professional with an interest in the economics of sport. |
| economics of world cup: The Business of the FIFA World Cup Simon Chadwick, Paul Widdop, Christos Anagnostopoulos, Daniel Parnell, 2022-04-08 The FIFA World Cup is arguably the biggest sporting event on earth. This book is the first to focus on the business and management of the World Cup, taking the reader from the initial stages of bidding and hosting decisions, through planning and organisation, to the eventual legacies of the competition. The book introduces the global context in which the World Cup takes place, surveying the history and evolution of the tournament and the geopolitical background against which bidding and hosting decisions take place. It examines all the key issues and debates which surround the tournament, from governance and corruption to security and the media, and looks closely at the technical processes that create the event, from planning and finance to marketing and fan engagement. Analysis of the Women’s World Cup is also embedded in every chapter, and the book also considers the significance of World Cup tournaments at age-group level. No sport business or management course is complete without some discussion of the FIFA World Cup, so this book is essential reading for any student, researcher or sport business professional looking to fully understand global sport business today. |
| economics of world cup: The United States and the World Economy: Foreign Economic Policy for the Next Decade C. Fred Bergsten, 2005 |
| economics of world cup: Corruption and the Global Economy Kimberly Ann Elliott, 1997-06-01 The recently-adopted OECD convention outlawing bribery of foreign public officials is welcome evidence of how much progress has been made in the battle against corruption. The financial crisis in East Asia is an indication of how much remains to be done. Corruption is by no means a new issue but it has only recently emerged as a global issue. With the end of the Cold War, the pace and breadth of the trends toward democratization and international economic integration accelerated and expanded globally. Yet corruption could slow or even reverse these trends, potentially threatening economic development and political stability in some countries. As the global implications of corruption have grown, so has the impetus for international action to combat it. In addition to efforts in the OECD, the Organization of American States, the World Trade Organization, and the United Nations General Assembly, the World Bank and the International Monetary Fund have both begun to emphasize corruption as an impediment to economic development. This book includes a chapter by the Chairman of the OECD Working Group on Bribery discussing the evolution of the OECD convention and what is needed to make it effective. Other chapters address the causes and consequences of corruption, including the impact on investment and growth and the role of multinational corporations in discouraging bribery. The final chapter summarizes and also discusses some of the other anticorruption initiatives that either have been or should be adopted by governments, multilateral development banks, and other international organizations. |
| economics of world cup: World on the Move Paolo Mauro, Tomas Hellebrandt, 2016-12-20 The world is poised on the threshold of economic changes that will reduce the income gap between the rich and poor on a global scale while reshaping patterns of consumption. Rapid economic growth in emerging-market economies is projected to enable consumers worldwide to spend proportionately less on food and more on transportation, goods, and services, which will in turn strain the global infrastructure and accelerate climate change. The largest gains will be made in poorer parts of the world, chiefly sub-Saharan Africa and India, followed by China and the advanced economies. In this new study, Tomas Hellebrandt and Paulo Mauro detail how this important moment in world history will unfold and serve as a warning to policymakers to prepare for the profound effects on the world economy and the planet. |
| economics of world cup: Global Economics in Extraordinary Times C. Fred Bergsten, C. Randall Henning, 2012-11-15 Over five decades, John Williamson has written across an extraordinarily broad set of topics in international economics ranging from international monetary economics to development policy. The arc of his scholarship follows the main preoccupations of international economists during the second half of the 20th century and the first decade of the 21st. Bridging the scholarly literature and policy debates, his publications on the Washington Consensus, exchange rate policy, and international monetary reform have profoundly influenced public discourse, government policy, and the evolution of the economics discipline. As John marked his 75th birthday, his friends and colleagues prepared this collection of essays to celebrate these many contributions and reflect on their relevance to the challenges that confront the world economy in the wake of the 2008 09 global financial crisis and its current aftermath in Europe. |
| economics of world cup: Truth, Errors, and Lies Grzegorz W. Kołodko, 2012-09-04 Grzegorz W. Kolodko, one of the world's leading authorities on economics and development policy and a key architect of Poland's successful economic reforms, applies his far-reaching knowledge to the past and future of the world economy, introducing a framework for understanding our global situation that transcends any single discipline or paradigm. Deploying a novel mix of scientific evaluation and personal observation, Kolodko begins with a brief discussion of misinformation and its perpetuation in economics and politics. He criticizes the simplification of complex economic and social issues and investigates the link between developments in the global economy and cultural change, scientific discoveries, and political fluctuations. Underscoring the necessity of conceptual and theoretical innovation in understanding our global economic situation, Kolodko offers a provocative study of globalization and the possibility of coming out ahead in an era of worldwide interdependence. Deeply critical of neoliberalism, which sought to transfer economic control exclusively to the private sector, Kolodko explores the virtues of social-economic development and the new rules of the economic game. He concludes with a look at our near and distant future, questioning whether we have a say in its making. |
| economics of world cup: Regional Trading Blocs in the World Economic System Jeffrey A. Frankel, Ernesto Stein, Shang-Jin Wei, 1997 Covers trends from 1957 to 1995. |
| economics of world cup: International Monetary Cooperation C. Fred Bergsten , Russell A. Green, 2016-04-07 In September 1985, emissaries of the world's five leading industrial nations—the United States, Britain, France, Germany, and Japan—secretly gathered at the Plaza Hotel in New York City and unveiled an unprecedented effort to correct the largest set of current account and exchange rate imbalances that had ever threatened the world economy. The Plaza Accord is credited with sharply realigning exchange rates, significantly reducing current account imbalances, and countering protectionist pressures in the United States. But did the Accord provide a foundation for ongoing international financial stability and policy coordination? Or was it simply a unique one-time coincidence of national interests? The Plaza experience continues to inform today's debates about the limits and possibilities of international monetary cooperation. In late 2015, leading policymakers and economists—including those who were involved in the Accord's design, negotiation, and implementation—held a Plaza Retrospective conference at the Baker Institute for Public Policy to evaluate the Accord's legacy and how its collaborative spirit can be applied today. This volume presents their views and analyses to provide guidance for a time when the world again faces the prospect of currency disequilibria, growing imbalances, trade policy reactions, and thus uncertainty for both the global economy and world politics. |
| economics of world cup: Handbook on the Economics of Sport Wladimir Andreff, Stefan Szymanski, 2006 The editors should be commended for taking on such a big task, and succeeding so well. This book should be in the library of every institution where students have to write a paper that may be related to sport, or on the shelf of any lecturer teaching economics or public finance who has even a remote interest in sport. The material is very accessible, and useful in many different settings. Ruud H. Koning, Jahrbücher f. Nationalökonomie u. Statistik Edward Elgar s brilliant market niche is identifying a topic in economics, finding editors who know the area backwards and challenging them to assemble the best cross-section of relevant articles either already published or newly commissioned. Handbook on the Economics of Sport is Edward Elgar at its very best. If you love economics you ll find many fascinating insights here; if you love sport but know little economics then this book is mostly accessible and will teach you a lot; and if you are a sports-mad economist then you will be in hog heaven. Furthermore, if, like this reviewer, you are broadly very sceptical about the reports consultants produce for governments on the supposed economic windfall from hosting a big event or subsidising a stadium then you will get a lot of good counter-arguments in this volume. Indeed there are several chapters on the above theme that I m sure I ll be copying frequently to government officials in years to come. . . The demand for sport is a fascinating subject and it is hard to pick out just one chapter from the second section. Read them all they make a wonderful 65-page treat. . . Part VI was a real feast, a smorgasbord. . . This is a magnificent piece of work and the 36-page index rounds it all off splendidly. John Blundell, Economic Affairs The book covers the most important areas of research of an emerging economic sub-discipline spanning the past half a century. It serves admirably the purpose of an introduction into the rich and growing area of reflection for all concerned. . . the editors and authors of the Handbook have done a commendable job of accumulating sophisticated material for many economists, managers, politicians and self-conscious fans, who are sure to find excellent training ground for the whole heptathlon. . . This book will be invaluable for advanced students investigating professional sport. From the point of view of lawyers, particularly those engaged with the relationship between law and sports governance, the Handbook offers invaluable analysis of the economic issues that are alluded to in those debates but rarely examined in detail. . . These insights will also prove useful for policy analysts and sports administrators for whom many sections should be considered mandatory reading. Aleksander Sulejewicz, Journal of Contemporary European Research Over 800 pages on the economics of sport. What a feast! What a treat! The editors have done a wonderful job both in terms of breadth from David Beckham to child labour in Pakistan and depth, tournaments and luxury taxes for example. . . The 86 chapters are uniformly of a very high standard and illuminating. And there are real gems in some of the contributions. British Journal on the Economics of Sport This very interesting and comprehensive book achieves its objective, namely to present an overview of research in sports economics at an introductory level. . . [The editors] have produced an excellent reference book that belongs in all academic institutions libraries. It provides extensive introduction to the growing body of literature in the rising field of economics of sport. The book s relevant monographs should be read by institutions, cities and countries prior to their committing major resources towards sports facilities or a sporting event. James Angresano, Journal of Sports Economics One could think of this book as the sports-and-economics counterpart to Joy of Cooking, because it will satisfy the needs of those with a keen interest in such subjects as the |
| economics of world cup: Economic Risks of Climate Change Trevor Houser, Solomon Hsiang, Robert Kopp, Kate Larsen, Michael Delgado, Amir Jina, Michael Mastrandrea, Shashank Mohan, Robert Muir-Wood, D. J. Rasmussen, James Rising, Paul Wilson, 2015-08-18 Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States. This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future. |
| economics of world cup: Soccernomics Simon Kuper, Stefan Szymanski, 2018-04-24 Why do England lose? Why does Scotland suck? Why doesn't America dominate the sport internationally...and why do the Germans play with such an efficient but robotic style? These are questions every soccer aficionado has asked. Soccernomics answers them. Using insights and analogies from economics, statistics, psychology, and business to cast a new and entertaining light on how the game works, Soccernomics reveals the often surprisingly counterintuitive truths about soccer. An essential guide for the 2010 World Cup, Soccernomics is a new way of looking at the world's most popular game. |
| economics of world cup: South Africa's World Cup Eddie Cottle, 2011 This groundbreaking book provides a critically informed analysis of the impact and legacy of mega-sporting events through the lens of South Africa's 2010 FIFA Soccer World Cup and its associated developmental paradigm. It challenges mainstream thinking and mega-event praise singers by providing concrete evidence to show that this sporting spectacular was little more than a front for massive accumulation and extraction of wealth, alongside increased sporting and socio-economic inequality. Contributors to this volume examine the sports accumulation-complex, economic promises, construction companies, trade unions, strikes, international solidarity, the struggle to trade, sex work, climate change, as well as case studies on the building of individual soccer stadiums. Eddie Cottle is the regional policy and campaign officer of the Building and Wood Workers' international (BWI) for Africa and the Middle East. This is a timely reminder that the 2010 World Cup nation-building illusion in fact disguised a reality of greed, elite enrichment and nepotism - and left us with a terrible financial hangover.' Terry Bell, columnist at Independent Newspapers, Business Report, and independent economic/labour analyst Book jacket. |
| economics of world cup: Inflation Targeting in the World Economy Edwin M Truman, 2003-10-27 This study reviews the literature on the contribution of low inflation to economic growth and the subsequent widespread adoption of inflation targeting as a monetary policy framework. Edwin Truman addresses the challenges and risks associated with such a framework. Building on these foundations, the study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation; and (2) the adoption of inflation targeting by emerging-market economies which often lack stable monetary policy environments and credible policy authorities—a situation which, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs. |
| economics of world cup: The Economics of Global Warming William R. Cline, 1992 This study examines the costs and benefits of an aggressive program of global action to limit the greenhouse effect. Cline summarizes the issues from the standpoint of an economist and estimates the damages of long-term warming. |
| economics of world cup: The World Cup as World History William D. Bowman, 2019-10-31 The World Cup as World History uses football’s premier event to analyze modern sports and world history. William D. Bowman traces the history of a tournament that has become a global phenomenon that generates intense political, economic, and cultural interest and profound discussions about racial, ethnic, and gender identity in the contemporary era. By focusing on the World Cup, the book keeps a tight thematic focus that allows for an integrated discussion of the core issues of globalization, money and finance, sport as spectacle, race and gender, and contemporary politics. |
| economics of world cup: Infrastructure Economics and Policy Jose A. Gomez-Ibanez, Zhi Liu, 2021-12 In this comparison of infrastructure across countries and sectors, leading international academics and practitioners consider the latest approaches to infrastructure policy, implementation, and finance. The book presents evidence-based solutions and policy considerations, essential concepts and economic theories, and a current overview. |
| economics of world cup: The Ugly Game Heidi Blake, Jonathan Calvert, 2015-04-23 THE STORY THAT BROUGHT DOWN FIFA'S SEPP BLATTER. 'With every page of this book, we see just why FIFA desperately needs a complete overhaul' - Sun When FIFA awarded the tiny desert state of Qatar the rights to host the 2022 World Cup, the news was greeted with disbelief and allegations of corruption. How had a country with almost no football infrastructure or tradition, a high terror risk and searing summer temperatures of 50C beaten more established countries with stronger bids? The story behind the Qatari success soon developed into one of the greatest sporting scandals of our time. And when the Sunday Times Insight team received a cache of hundreds of millions of documents from a whistleblower, the contents of the FIFA Files became a global sensation, unearthing the corruption that lay at the heart of the bidding process. Now in this remarkable new book by the Sunday Times journalists at the centre of the investigation, Heidi Blake and Jonathan Calvert, comes the most comprehensive account yet of what happened and who was involved. Above all, it explains why, despite all the evidence, FIFA continues to support Qatar - even to the extent of publishing an edited and abbreviated report into the process that was immediately denounced by its original author. Longlisted for the William Hill Sports Book of the Year, The Ugly Game is undoubtedly the biggest sporting story of our times. 'Never before has bribe-giving been documented in such graphic detail' - Independent |
| economics of world cup: Handbook on the Economics of Women in Sports Michael Leeds, Eva Marikova Leeds, 2013-01-01 'In the Handbook on the Economics of Women in Sports, Leeds and Leeds put together an impressive list of heavy hitters in the sociology and economics literature on sports to produce a tour de force volume. The entire spectrum of international perspectives is covered, from US, Korean, and Australian sports to world competition at the highest level of the Olympics and international championships. Whether your interest is attendance at women's events, performance and rewards in women's pro sports, gender issues in US college sports, or international performance and how women compete, this handbook is a must read for any serious fan, and for all serious scholars interested in the impacts of being female on sports performance and competitiveness.' Rodney Fort, University of Michigan, US 'Leeds and Leeds have filled a gaping hole in sports economics with this revealing collection of essays. The economics of women in sports has been too long neglected. By covering everything from women as sports spectators, to women as participants in individual and team sports at the collegiate and professional levels, to women's sports internationally, Title IX, and women's differential response to incentives, this volume not only demonstrates that there is much fertile ground to be studied, but also that the subject matter is both interesting and important.' Andrew Zimbalist, Smith College, US Women's sports have received much less attention from economists than from other social scientists. This Handbook fills that gap with a comprehensive economic analysis of women's sports. It also analyzes how the behavior and treatment of female athletes reflect broad economic forces. Contributors to this volume use current theoretical models and econometric tools to examine the legal, social, and economic forces that affect the experiences of female athletes. They address such traditional topics as discrimination against female athletes and coaches and the effect of athletic events on the economies of host countries. They also apply theory and estimation to new settings, such as how women respond to tournaments in skiing and figure skating or how the growing dominance of Korean women on the LPGA tour is a form of immigration. This groundbreaking book is a valuable resource for professors, students, and researchers in sports economics, sports management, and women's studies. |
| economics of world cup: Flexible Exchange Rates for a Stable World Economy Joseph E. Gagnon, Marc Hinterschweiger, 2011 Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the cure for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction. |
| economics of world cup: Russia After The Global Economic Crisis , 2010 |
| economics of world cup: The Euro and the Battle of Ideas Markus K. Brunnermeier, Harold James, Jean-Pierre Landau, 2018-09-18 How philosophical differences between Eurozone nations led to the Euro crisis—and where to go from here Why is Europe’s great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival. Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe’s future. |
| economics of world cup: On Fairness, Justice, and VAR Jorge Tovar, 2021-11-01 This book analyzes the 2018 and 2019 men's and women's World Cups to understand how the use of Video Assistant Referees (VAR) affected each tournament. Unlike goal technology, where the decision is entirely left to the machine's algorithm, the VAR still has a human component, making it prone to errors and controversies. Building on the theories of justice, the book quantitatively reviews event-level data while using a historical perspective to depict a novel approach to the effects of VAR in major soccer tournaments. The six chapters examine the use of VAR, discuss when it was not used (but maybe should have been used), and explore how the World Cup evolved with the new technology. Combining the VAR events of 2018 and 2019 with comparable situations from past World Cups guides the reader into debating the meaning of justice and the potential of ever achieving fairness in soccer. |
| economics of world cup: Beautiful Game Theory Ignacio Palacios-Huerta, 2016-04-19 The first book to use the world's most popular sport to test economic theories and document novel human behavior A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses soccer to test economic theories and document novel human behavior. In this brilliant and entertaining book, Ignacio Palacios-Huerta illuminates economics through the world's most popular sport. He offers unique and often startling insights into game theory and microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. He also looks at finance, experimental economics, behavioral economics, and neuroeconomics. Soccer provides rich data sets and environments that shed light on universal economic principles in interesting and useful ways. Essential reading for students, researchers, and sports enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics. |
| economics of world cup: The Little Book of Economics Greg Ip, 2013-01-14 An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today's most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg's bestselling guide clues you in on what's really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward. From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments Offers priceless insights into the roots of America's economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm Digs into globalization, the roots of the Euro crisis, the sources of China's spectacular growth, and why the gap between the economy's winners and losers keeps widening |
| economics of world cup: The Oxford Handbook of Sports Economics Volume 1 Leo H. Kahane, Stephen Shmanske, 2012-05-31 Shmanske and Kahane have organized over 50 essays from prominent Sports Economists into two volumes around two related themes. This second volume explains how sports helps economics via quality data used to test a variety of economic theories. |
| economics of world cup: Foundations of Managing Sporting Events Kevin D Tennent, Alex G. Gillett, 2016-08-05 2016 marks the 50th anniversary of the 1966 FIFA World Cup, hosted in England. Unlike previous literature, which has tended to focus activities on the field, this book brings an institutional level approach to organizing the 1966 FIFA World Cup and examines the management process in the buildup and execution of the event. This intriguing new volume looks at the first significant UK government intervention in football and how this created a significant legacy as the government started to take a real interest in leisure facilities and stadium safety as policy areas after this competition. Foundations of Managing Sporting Events will be of considerable interest to research academics working on aspects of post war British, Imperial, and World history including sport, social, business, economic, and political history. |
| economics of world cup: The Sports Business in The Pacific Rim Young Hoon Lee, Rodney Fort, 2014-10-31 Following consistent and rapid general economic growth, Pacific Rim countries have grown as a major force in sports. Australia, China, Japan and Korea populated the top ten medals list at the 2012 London Olympics. Pacific Rim countries are major consumers of international sports and domestic professional sports have expanded continuously over time. Nippon Professional Baseball and the Korean Baseball Organization are the second and third largest baseball leagues measured by attendance and revenue following Major League Baseball in the U.S. This book also includes event studies of team ownership, assessment of human capital markets, analysis of the relationship between attendance and competitive balance, the components of fan demand in common the world over, and business decisions concerning attendance and pricing. There is already demand for comprehensive study of the sports business in the Pacific Rim as witnessed by this growth. This book will be of interest of researchers studying and/or teaching in the fields of sports economics and sports management as well as a general audience interested in business governance around the world. |
| economics of world cup: Routledge Handbook of Sport and Legacy Richard Holt, Dino Ruta, 2015-03-02 What remains of a great sporting spectacle after the last race is run or the final match is played? How can the vast expense of mounting such events be justified? What if there is nothing left behind or what if the legacy is negative, a costly infrastructure which is unused or a debt-ridden host city? The Routledge Handbook of Sport and Legacy addresses perhaps the most important issue in the hosting of major contemporary sporting events: the problem of ‘legacy’. It offers a rigorous, innovative and comparative insight into this contested concept from interdisciplinary and practical perspectives. Major events must now have a conscious, credible and defined policy for legacy to meet public expectations. The book provides a comprehensive survey of the various kinds of legacy that can be delivered, as well as a close examination of the potential benefits and practical challenges involved in each. From ‘hard’ legacies, such as stadia and infrastructure, to ‘soft’ legacies including skill development, attitude change and capacity building, the book offers both a historical case study and an innovative strategic management approach, and establishes the limits of what can realistically be achieved in terms of economic, social, cultural, physical and sporting development. The Routledge Handbook of Sport and Legacy includes contributions from world leading scholars and practitioners and features detailed case studies of major sports events from around the world, including the FIFA World Cup and ten Olympics Games from London in 1908 to London 2012. It is invaluable reading for students and researchers working in sport studies, events management, human geography, economics or planning, and an essential reference for any professional engaged in delivering legacy through sport. |
| economics of world cup: The Impact of a Mega Sports Event for a Nation Anja Wyludda, 2009-06 Seminar paper from the year 2008 in the subject Sport - Sport Economics, Sport Management, grade: 7 (2,3), Copenhagen Business School, course: Sports Economics, language: English, abstract: The assignment answers the question which impacts a mega sports event like the FIFA World Cup 2006 in Germany can have on a nation. Cultural, environmental and economic effects - or tangible and intangible effects - are analysed in this case. The cultural impact on Germany was significant. The supporting programme of the World Cup helped to increase Germany's reputation all over the world and improved its hospitality image worldwide. Environmental aspects were in the focus during the World Cup and several important actions helped to solve problems like waste management, water consumption and electricity consumption. The sustainability of these actions has to be observed in the future. The economic aspect was less significant. Although Germany invested large sums in infrastructure and stadiums, and had earnings of 500 million Euros from tourists, the growth in GDP is negligible. This is a general problem in large economies, because a movement of GDP needs extremely high monetary items. But in conclusion the FIFA World Cup 2006 was a success. Not from an economic point of view but with regard to international relationships and the reputation of Germany. A mega sports event needs a careful planning and a high willingness to invest money in infrastructure and venues. Then the impact can be very positive and must not be measured only from a financial point of view. |
| economics of world cup: A Modern Guide to Sports Economics Koning, Ruud H., Kesenne, Stefan, 2021-10-26 This timely Modern Guide offers critical insights into developments in both professional and recreational sports through the lens of the economic forces that determine them. It explores the benefits of the relationship between sports and economics, highlighting ways that economic research can help to understand sports better and the ways that sport provides opportunities to test economic theories. |
| economics of world cup: FIFA 2022 M. Mohamed Essa, M. Walid Qoronfleh, 2021 This book is intended for a diverse audience including football fans from various parts of the world visiting Qatar for the first time. It is estimated that at least one million people will visit Qatar during the FIFA World Cup(tm) 2022. We planned this book to be informative, insightful and holistic. The book covers highly relevant subjects to football, from sport infrastructure, elite athletes' performance, the sport's role in health, media, and climate, to sport enthusiast experience. |
| economics of world cup: Japan, Korea and the 2002 World Cup John Horne, Wolfram Manzenreiter, 2013-01-11 The football World Cup is unquestionably the biggest sporting event in the world. This fascinating collection of papers examines the background to the 2002 World Cup Finals, held in Korea and Japan, and explores the event's profound social, cultural, political and economic significance. The book offers important insight into topics such as: * the development of professional football in Korea and Japan * the political and diplomatic significance of the first co-hosted World Cup * FIFA and the 'back stage' dealing behind the World Cup * football as a global culture and its impact on 'traditional' East Asian structures. This book is essential reading for anybody looking to understand the power of sporting 'mega-events' and the increasingly complex relationship between sport and society. It is also an absorbing read for all serious fans of world football. |
| economics of world cup: Soccernomics (2022 World Cup Edition) Simon Kuper, Stefan Szymanski, 2022-10-18 Written with an economist's brain and a soccer writer's skill, Soccernomics applies high-powered analytical tools to everyday soccer topics Soccernomics is a revolutionary new way of looking at soccer that has helped to change the way the sport is played. This World Cup edition features ample new material, including a chapter on women’s soccer that makes a case for reparations, an analysis of the pandemic’s impact on soccer finances, and insights into the failed plan to create a European Super League. Soccernomics remains essential reading for anyone in search of a more strategic, systematic perspective on the game, answering the questions that most consume soccer fans. |
| economics of world cup: The Economic Consequences of the Peace John Maynard Keynes, 1920 John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world. |
| economics of world cup: South Africa and the Global Game Peter Alegi, Chris Bolsmann, 2013-10-18 Firmly situating South African teams, players, and associations in the international framework in which they have to compete, South Africa and the Global Game: Football, Apartheid, and Beyond presents an interdisciplinary analysis of how and why South Africa underwent a remarkable transformation from a pariah in world sport to the first African host of a World Cup in 2010. Written by an eminent team of scholars, this special issue and book aims to examine the importance of football in South African society, revealing how the black oppression transformed a colonial game into a force for political, cultural and social liberation. It explores how the hosting of the 2010 World Cup aims to enhance the prestige of the post-apartheid nation, to generate economic growth and stimulate Pan-African pride. Among the themes dealt with are race and racism, class and gender dynamics, social identities, mass media and culture, and globalization. This collection of original and insightful essays will appeal to specialists in African Studies, Cultural Studies, and Sport Studies, as well as to non-specialist readers seeking to inform themselves ahead of the 2010 World Cup. This book was published as a special issue of Soccer and Society. |
Economics - Wikipedia
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a behavioral science that studies the production, distribution, and consumption of goods and services. [3] [4]Economics focuses on …
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In economics, a transfer is a payment of money without any goods or services being exchanged in return. Governments make transfers in the form of welfare benefits but individuals make …
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Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years. Economics ranges from the very …
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Economics Economics is the study of scarcity and how it affects the use of resources, the production of goods and services, the growth of production and well-being over time, and …
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Economics is the study of how we make choices in the face of scarcity and how those choices motivate behavior. THE FIELD OF ECONOMICS. As individuals, families, and nations, we …
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Economics is the study of given ends and scarce means. Lionel Robbins, biography, from the Concise Encyclopedia of Economics: Robbins’ most famous book was An Essay on the …
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Mar 26, 2024 · Economics. Economics is a social science that analyzes how people make decisions to satisfy their wants and needs, given limited resources. It explores the processes …
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Instead, economics was merely used to analyze the action of individuals, using stylized mathematical models. Modern Definition of Economics The modern definition, attributed to the …
Economics - Wikipedia
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a behavioral science that studies the production, distribution, and consumption of goods and services. [3] [4]Economics focuses on …
Economics Defined With Types, Indicators, and Systems
Jun 28, 2024 · Economics is a branch of the social sciences focused on the production, distribution, and consumption of goods and services. Microeconomics is a type of economics …
Economics | Definition, History, Examples, Types, & Facts
May 12, 2025 · economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of …
The A to Z of economics | The Economist
In economics, a transfer is a payment of money without any goods or services being exchanged in return. Governments make transfers in the form of welfare benefits but individuals make …
What is Economics? - American Economic Association
Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years. Economics ranges from the very …
What is Economics? Definition of Economics, Economics …
Economics Economics is the study of scarcity and how it affects the use of resources, the production of goods and services, the growth of production and well-being over time, and …
What is Economics? - Northwestern University
Economics is the study of how we make choices in the face of scarcity and how those choices motivate behavior. THE FIELD OF ECONOMICS. As individuals, families, and nations, we …
What Is Economics? - Econlib
Economics is the study of given ends and scarce means. Lionel Robbins, biography, from the Concise Encyclopedia of Economics: Robbins’ most famous book was An Essay on the …
What is Economics - Definition, Methods, Types - Research Method
Mar 26, 2024 · Economics. Economics is a social science that analyzes how people make decisions to satisfy their wants and needs, given limited resources. It explores the processes …
What is Economics - Definitions, Criticisms. Modern Economic …
Instead, economics was merely used to analyze the action of individuals, using stylized mathematical models. Modern Definition of Economics The modern definition, attributed to the …
