Does FIFA bring an economic upturn in countries hosting the world cup Research Paper

Does FIFA bring an economic upturn in countries hosting the world cup - Research Paper Example The transformation in these countries is commonly contributes by increase of tourists visiting the country, sufficient infrastructures, security as well as the boost of morale brought by the good feeling of hosting the World Cup (Crnelissen, 2014). Additionally, FIFA also generated billions during the World Cup, some of which the hosting country gets as tax revenue. For example, by the end of 2010 the organization had generated 4.189 billion dollars and addition 3.6 billion dollars from World cup not directly related to world Cup (FIFA, 2007). This explains the fierce competition in the bids for the opportunity to host the World Cup. Currently, even the developing countries are actively bidding for the chance. Could this be as a result of the economical development that has been recorded in the host countries before? This makes one wonder the worth of world Cup to the nation hosting it. The purpose of the study, therefore, is to identify whether the host country’s economy benefits from the World Cup. In this case, the research question can be phrased as follows â€Å"Does FIFA bring an economic upturn in countries hosting the world cup?† The answer to this question is outlined in this paper by concentrating on some of the most significant economic aspects that greatly contribute to the growth of a country (Andreff, 2012). The paper further relates these aspects to the World Cup and the impact it has on them. The paper is divided into three sections. The first one is a theoretical framework that outlines the definition of economical terminologies, concepts, the scope and criteria of study analysis. The second section is the methodology of presenting the study while the third section describes the findings of the study. In this section, the paper proposes four major economic indicators, which are used to determine the upturn or downturn of an economy. Further, FIFA’s impact on the economy will be defined from