Market Review and Trends
[Post 434] Why Hosting The World Cup Is A Bad Idea For Countries
By Sonicericsg  •  November 19, 2022
Summary Nov. 20 is the opening day of the much anticipated FIFA World Cup in Qatar. The country is estimated to have spent roughly $229 billion on hosting the event, making it the most expensive World Cup ever, and more than four times as costly as all tournaments combined since 1990. But aside from the honor involved with hosting the biggest soccer tournament in the world, it could draw massive exposure to a country: an influx of tourism, the potential for foreign trade, new development and jobs. For Qatar, the tiny Gulf country needed stadiums and infrastructure and used 1.7 million workers, 90% foreign, to help get the country ready. The question remains, will the glory and questionable short- and long-term economic impacts outweigh the debt? Many experts say no....
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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