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Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup


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#704734 in eBooks 2015-01-13 2015-01-13File Name: B00QSOJ2LU7 of 7 people found the following review helpful. Fantastic book about the troubling economics of the Olympic GamesBy RVOThis is an extremely well written book that relentlessly and completely gives the lie to the oft-spoken idea that large sporting events like the Olympics and World Cup are economic gold mines for host cities or countries. Simply put, they aren't. But it's worse than that. Andrew Zimbalist uses facts, pertinent economic explanations, humor and irony to explain how host cities aAthletes compete for national honor in Olympic and World Cup games. But the road to these mega events is paved by big business. We all know who the winners on the field aremdash;but who wins off the field?The numbers are staggering: China spent $40 billion to host the 2008 Summer Olympic Games in Beijing and Russia spent $50 billion for the 2014 Sochi Winter Games. Brazil's total expenditures are thought to have been as much as $20 billion for the World Cup this summer and Qatar, which will be t...

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