Football & World Power: 2010-2014-2018-2022 (continued from part I).
January 5, 2011 2 Comments
With the allocation of the FIFA World Cup Football for 2018 and 2022, observers mentioned that it reflected the emerging markets. It truly does! But what’s more, the trend was already there during the World Cup Football 2010 in RSA.
We even devoted a blog post to the way by which the adverts surrounding the pitch reflected the global shift of economic powers. Nevertheless, which countries have been granted the rights to organize this first-class global event? Are these the emerging markets?
Upcoming FIFA World Cup hosts and their economies
The trend seen in the adverts in the 2010 event is also there when one looks at the countries that have been assigned to organize the future events. All countries that are to organize the world cup, show a growing/booming and interesting national economy.
- World Cup 2014 host Brazil “Brazil is one of the fastest growing emerging economies in the world. With large and growing agricultural, mining, manufacturing and service sectors, Brazil economy ranks highest among all the South American countries and it has also acquired a strong position in global economy.” (Source: trading economics)
- World Cup 2018 host Russia “The Russia Gross Domestic Product is worth 1231 billion dollars or 1.99% of the world economy, according to the World Bank.” (Source: trading economics)
- World Cup 2022 host Qatar “The country’s economic growth has been stunning. Qatar’s nominal GDP, estimated to be $128 billion for 2010, has recently been growing at an average of 15%, and the 2010 growth rate is estimated to be 19%. Qatar’s 2007 per capita GDP was $67,000, and projected to soon be the highest in the world. The Qatari Government’s strategy is to utilize its wealth to generate more wealth by diversifying the economic base of the country beyond hydrocarbons.”(Source: U.S. Department of State)