Football in the time of protest
Nauro F Campos 13 June 2014
The 2014 FIFA World Cup is upon us. This column argues that there will be plenty of partying, but also plenty of protests fuelled by the gross mismanagement and limited economic benefits from hosting the Cup. Stadia may be ready, but much planned infrastructure has already been abandoned. Indeed, rent-seeking may be one reason nations bid for the Cup. Since the returns to transportation infrastructure are higher in poor countries, the international community should work to stamp out corruption so that poor countries can continue to host mega-events like the World Cup.
Football is actually coming home. Brazil is the spiritual home of the ‘beautiful game’. It is the only country to have competed in all 20 World Cup tournaments, it has won the tournament a record five times, and it is the only country to have won the tournament ‘away’ (Ponzo and Scoppa 2014).1 Brazilians worship football. As in all previous World Cups, the country will stop when the Seleção plays. Unlike all other Cups, however, this time there may be protests.
Institutions and economics Politics and economics
Corruption, Political Economy, soccer, rent-seeking, Football, Brazil, infrastructure, sport, protests, FIFA
Financial foul play? An analysis of UEFA’s attempts to restore financial discipline in European football
Rob Simmons 03 September 2012
As the new football season kicks off, Europe’s top clubs are preparing to abide by UEFA’s Financial Fair Play initiative, designed to ensure financial discipline and make European football more competitive. But this column argues that the new rules could end up doing just the opposite.
As the 2012/13 football season kicks off, many fans, journalists, and social commentators will be heard saying that: a) the gap in financial resources between large and small clubs is greater than ever, b) star players at big clubs such as Barcelona, Chelsea, Real Madrid, Manchester City and Manchester United earn exorbitant salaries, and c) the finances of several clubs are out of control, as clubs that are hungry for success generate large financial losses as their spending levels on transfer fees and player salaries are driven up.
Competition policy Frontiers of economic research
competition, Football, sport, Financial Fair Play
The behavioural economics of exercise habits
Jeremy D Goldhaber-Fiebert, Alan M Garber 22 February 2011
Obesity – and its related illnesses – endangers the lives of millions across the world. While healthier, more physically active lifestyles can mitigate this, the question remains of how policymakers can get people to switch from being couch potatoes to keen runner beans. This column presents new evidence suggesting that for many even a nudge may suffice.
In the US, obesity – and the chronic diseases it can cause – is putting health policy under enormous strain (Flegal et al. 2010). One recent study finds that between 1993 and 2008 obesity was a greater threat to the health of Americans than smoking (Jia and Lubetkin 2010). But it is not just the US. The rise in hypertension, type 2 diabetes, and cardiovascular disease may have been most pronounced in the developed world, but many rapidly developing countries including India and China are now following this disturbing trend (Sugerman et al. 2003 and Mathers et al. 2006).
Frontiers of economic research Health economics
health, Behavioural economics, sport, exercise habits
The economics of the 2022 FIFA World Cup
Syed Basher 24 December 2010
The controversial decision to grant the 2022 FIFA World Cup to Qatar is set to provide the country with billions of dollars of revenue. This column argues that one overlooked consequence will be inflationary pressure and suggests “World Cup bonds”, among other tools, could help Qatar keep price rises in check.
FIFA’s surprising decision to award Qatar the 2022 World Cup drew plenty of mixed emotions from around the world. Now that the excitement has subsided, plenty of work lies ahead as Qatar prepares to host. Over the next decade, Qatar ambitiously plans to build sophisticated air-conditioned stadiums, a mega size airport, a modern public transportation system, residential housing units, hotels, roads, and many more, at an estimated cost of $100 billion. The bulk of this outlay will be spent over the next couple of years when contracts for the above projects will be awarded.
inflation, World Cup, sport