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How Is The Upcoming Soccer World Cup Affecting Brazil's Economy And Politics?

2295 words - 9 pages

Introduction
Of all the countries in the world, Brazil is the most football obsessed region with many young people dreaming of becoming international players. This obsession dates back decades ago when legendary players like Pele (Edson Arantes do Nascimento) made headlines with their exquisite football performance on the international scene. Brazil has been a renowned football team and winning the bid to host FIFA 2014 world cup and IOC Olympic Games in 2016 was largely seen as a reward to a country that has been and continues to be the greatest source of fine football players. Conversely, Brazil’s desire and achievement in hosting the June 2014 world soccer represents a dream come true to many, but the country’s economic growth largely relies on the success of all the investments that the country has made into hosting the games. Nevertheless, question evaluating whether the forthcoming June 2014 soccer fare will have huge economic and political gains continue to elicit mixed reactions.
Anticipated Achievements from Hosting the 2014 World Cup
When Brazil placed a bid to host the 2014 FIFA World Cup, it intended to improve infrastructural development across the national divide. Prior to winning this bid, the conditions of the infrastructure system was pathetic. The five stadium in place were ill equipped to host a substantial number of spectators. Most of these stadiums were dilapidated due to inconsistencies in the utilization coupled with poor maintenance of these infrastructures. The Brazilian government was financially challenged due to slow year on year growth trend. For a considerable number of years, the Brazilian growth rate has been less than 4% (Bowater, 2014; Megale & Proni, 2014; Sethi, 2013; Waldron, 2014). This has elicited mixed reactions especially given that Brazil is the sixth largest economy in the world with a gross domestic product of U.S. $ 2.1 trillion (Banerjee, 2014).
Hosting this FIFA 2014 world cup event has created an opportunity for the country to embark on nationwide infrastructural development and renovations. The country has built 12 stadiums that will be used to all host matches for this world cup. According to Megale and Proni (2014), what gets built stays. All those stadiums will remain intact after their completion. This means that the country is making long-term investments into stadiums that will be used to host local and international matches, which will be a source of income.
The construction of these stadiums has led to the need to improve and upgrade current transport systems. Initially, most Brazilian roads were full of pot holes due to years of neglect coupled with corruption in renovation of critical national infrastructure. However, hosting this event has made it possible for funds to be availed to improve these facilities. The country expects millions of soccer fans to flock the country from all parts of the world. This means that the transport system will be stretched to the limit. The need to...

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