The World Cup and.Economics?: What Italy has to Expect

With Italy 'victory colpente strongly from the s become the world' best team football s, it seems prudent to discuss something that is not usually connected with football economy. Pu? seem unknown, but many say that? true, that the result of this excellent sports event that the economic future of the teams to participate and in turn the world. ? Searched and proof? been found to assume the winners of the world cup of pu? think having a small boost in their finances as a result of victory. In "Soccer and the economy: March 2006 Edition", Ruben van Leeuwen and Charles Kalshoven have discussed this phenomenon. In their paper van Leeuween and look of Kalshoven to studies undertaken to the Bank Nederland (ABN) and Amsterdamsche-ROTTERDAMSCHE of Algemene collections (AMRO) indicating that the countries of conquest tend to see the 0.7% increase in their market. Most of this increase? contributed positive energy generated in one country by a victory. A victory at the world cup lead an entire country to believe once the pride and felicit? and happy people love to buy. The pi?, Parties to celebrate the victory will generate? income and employment, particularly in bars and supermarkets. The other means of economic development are from the sale of souvenirs commemorating the great victory. Finally, a country that won the world cup? recognized by the world because of its success. This recognition can? provide new opportunities? commercial businesses and then inclined to invest in the country (Kalshoven and Van Leeuwen). In 2002, .3 one billion people have watched the final of the World Cup in Japan and this number? foreseen to be much more? top Berlin (unknown). This quantity? Aid advertising? certainly stimulates the economy generally but the victories of the past that reflect the theory that economic development and supports the world cup goes hand in hand. According to van Leeuween and Kalshoven, there were only two exceptions to this theory since 1970: in 1974 and 1978. During these two years, German ( '74) Argentina and (') 78 declining economy, however, the economy losing finalist both years, the Netherlands, had a far greater loss. However, in 1988 the Netherlands finally had its victory and its economic development. During this year the Amsterdam stock market has gained 29% of pi? made to the previous year. Van Leeuween and Kalshoven have seen an average gain of about 10% for samples of the world cup and a loss of about 25% for the losing team. This development not? rare, said van Leeuween and Kalshhoven as seen in an average gain of 10% for samples of the world cup and the loss of 25% for the losing team (Kalshoven and Van Leeuwen). Before the cup, Brazil and England were the favorites, but with these two already? outside? hard to say who will gain? that economic Boost. Germany, like the p? If the host has pi? of $ 350 million in transportation improvements to the cup and the total $ 1.7 billion for improving stadiums (Higginson). As they? have what? tanto dentro poi? be safe to say that Germany deserves this victory. Furthermore, Germany? fell on the difficulties? economic, making a victory not only highly conducive to the economic condition of the country but also the psychological condition. However, on Sunday Germany 's dreams were precipitated by a stellar performance of overtime by the Italian team. However, Germany is not completely? discouraged but provides at least a 1.6% increase in the GNP had only the income generated by a p? if the host. The most, the new jobs generated by this occasion led to an increase of 11% in Germany 'unemployment rate of s (designed). Rester? see regardless of the fact that Italy's economic golden egg hidden under the title of champion of the world cup, but at least? sure they have the respect of the world (perhaps a wrought sternum). The world cup is not following? set to be played until 2010, when sar? hosted by the plants CitedDrew, Catherine of South Africa. "The trade-News VOA of Germans expect the economic effects of World Cup." VOA News. June 8 2006. 28 June 2006 http://www.voanews.com/english/2006-06-08-voa37.cfm.Higginson, Matthew. "Financial Goals: the wealth behind the World Cup." TMCnet. June 12 2006. Technology Marketing Corporation. 28 June 2006 http://www.tmcnet.com/usubmit/2006/06/12/1677445.htm.Kalshoven, Charles and Ruben van Leeuwen. The Netherlands. ABN AMRO. Soccernomics 2006: Soccer and the economy. March 22 2006. Development of the cup 2006-Private, 28 June 2006 http://www.abnamro.com/pressroom/releases/media/pdf/abnamro_soccernomics_2006_en.pdf.Unknown. "World, the World Bank Group." Casa Development the private sector. Summer 2006. The World Bank Group. 28 June 2006 http://rru.worldbank.org/features/worldcup2006.aspx.

Sarah Deak

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