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"2002 World Cup and Economics Essay"
2002 World Cup and Economics Essay
Author:
Alexander Bartfield
It is hard to deny that sports and economy are correlated whether is for the mutual benefit or detriment. Almost every country has its most popular and favourite sport. Baseball is for Japan, Cuba, and Korea. Football is for U.S., while Hockey is for Canada. Rugby is for Australia, and New Zealand. However, Soccer is for continent of Europe, Africa, Latin America, and recently, even China. It is undeniable that Soccer is arguably the most widespread sport all over the world, and beside those above-mentioned countries, there are still many more countries that Soccer is their most favourite sport. And, simultaneously, FIFA World CupTM, not inferior to the Olympics, is the biggest sport event in the global village that we are living in. Matter of fact, it is evident that the word 'World Cup' evokes Soccer to most people, while there is a World Cup for swimming, gymnastics, tennis, hockey, rugby, and etcetera. And naturally, FIFA World CupTM is an event that really affects one country's economy, especially the host country that event is held in. 2002 Korea/Japan FIFA World CupTM was the first World Cup that was held in Asia and first co-hosted World Cup ever in history. Of course, soccer fans and economists focused on how these countries will capably carry this enormous event. And consequently, they were quite amazed with the results.

World Cup does give economical effects to its host country.

Korea, one half of co-host of 2002 World CupTM, was overall benefited from special effects of the World Cup.

Firstly, the World Cup effects affected Korean Stock market.

This graph shows that how Korea performed well in the pre-World Cup season, comparing to the world's stock market, and co-host of 2002 World Cup, Japan. Korea World Cup Organizing Committee (KOWOC) has forecast that by just hosting the World Cup...

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essay on 2002 World Cup and Economics Essay
Pages:
7 (1853 words)
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Added:
10/24/2011
Category:
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Plagiarism level of this essay is: 97%
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