Brazil's Economy and World Cup 2014 Essay

Submitted By Deacon51p

Words: 348

Pages: 2

Open Document

Pierre Easley
Liberty University
PPOG 502
News Article

The article I chose to read was title “Brazil's own goals” found on the www.CNBC.com website. The article explains how the 2014 world cup will boost Brazil’s economy. Economic forecasts suggest that Brazil will derive only modest economic gain from the World Cup. The Brazilian government has spent upwards of $15 billion to host the games, or roughly as much as the U.K. laid out for the 2012 London Olympics and more than triple the cost of the 2010 World Cup in South Africa. In return for those hefty expenditures, Brazil is likely to see a modest 0.1 percent to 0.2 percent bump in annual growth
The vast sums of money spent on building stadiums and other facilities are also driving up Brazilian inflation, a painful price of admission for a country where more than a fifth of inhabitants live in poverty.
"The negative side effects of hosting the WC include a lingering boost to inflation and an increased fiscal burden ... to fund the investments, whereas the bulk of the returns to be generated by the [World Cup] will be realized only with a substantial time lag and considerable uncertainty," Ashish wrote in a recent research note.
The Brazilian government certainly expects a bigger boost. A study by Ernst & Young and Brazilian think-tank FGV projected that financial gains from the tournament will amount to five times the government's investment, creating millions of jobs and ultimately adding more than

Special Interest Report Essay

Elective Geography - Special Interest Report SOPHIA SAVAGE The 2014 Brazil FIFA World Cup and 2016 Rio de Janeiro Olympic Games Will Brazil’s current social issues impact the economic success of upcoming sporting events? Introduction The current social issues occurring within Brazil will negatively impact the financial prosperity of the forthcoming 2014 FIFA Soccer World Cup and 2016 Rio de Janeiro Olympic Games. Sporting controversies in Brazil are supposed to be about team selections, tactics…

Words 3859 - Pages 16

Essay about business memo

January 17, 2014 To: Amy Decker From: Rafael Neri Subject: Research on Current Conditions in Brazil As you have requested, I have researched the current economic, political, business and other conditions in Brazil. We can be confident opening up business in this South American country knowing that not only are it’s current conditions strong, but it has a promising future for foreign investors. Promising Economic Conditions and Growth Brazil is the largest economy in South America…

Words 718 - Pages 3

Dilma Vana Rousseff Failure

Even though Brazil's economy was going towards a crisis, over a 140 million Brazilian voters gave Dilma Vana Rousseff a second four year term in the presidential election in October 2014. She was first elected as president in October 2010 and became the first woman and 36th president to hold the office. In October 2014, Dilma received a total of 51.65% of the total votes and it was the closest presidential race since 1989. Dilma Rousseff's win came over as a result of Worker's Party (PT) and its…

Words 450 - Pages 2

Brazil: Gross Domestic Product and Brazil Essay

its cause to become one of the world’s most influential counties. Brazil is one of the BRICS countries. BRICS refers to Brazil Russia India China and South Africa becoming economic figures due to their newly advanced economic development. Much of brazil’s increase in wealth comes down to the vast amount of natural resources in the country such as Iron ore a resource craved by many large manufacturing nations, furthering this Brazil has recently been able to capitalise on their offshore oil resources…

Words 676 - Pages 3

Essay on Marketing Campaign For Brazil

and a multitude of cities; one of those being Brasilia: the capital of Brazil located in the South East part of the country. Being the largest country in South America, and the fifth largest country in the world, The U.S. Factbook estimates that Brazil is the sixth largest economy in the world. ("Brazil Strives for Economic Equality," n.d.) Residing in nearly half of the continent, Brazil is 8,511,965 sq. Kilometres (3,286,488 sq. miles). Estimated in 2012, the population of Brazil was 205,716,890…

Words 4337 - Pages 18

Brazil: Brazil and Brazil- south America Essay examples

half of the continent and is divided into 26 states and Federal Districts. Brazil’s twenty-six states are further divided into five regions North, Northeast, Southeast, South, and Center-West. Each of these five major regions have a distinct ecosystem and differ greatly in population and economic activity. (Briney, 2010) The total population in Brazil was last recorded at 196.7 million people in 2011 as reported by the World Bank. According to data released by the Brazilian institute of Geography…

Words 2439 - Pages 10

Essay about to be or not to be

Virtue ethics is an important strand of moral philosophy, and a significant body of philosophical work in virtue ethics is associated with a radical critique of the market economy and of economics. Expressed crudely, the charge sheet is this: The market depends on instrumental rationality and extrinsic motivation; market interactions therefore fail to respect the internal value of human practices and the intrinsic motivations of human actors; by using market exchange as its central model, economics…

Words 829 - Pages 4

Doing Business In Brazil

were as high as 2,000%Wi whereas more recent times show the government’s focus on the stabilization of the economy by implementing safety measures and controls on the economy. Since the elections of the Lula and Rousseff, Brazil has experienced stable inflation rates and steady, more predictable growth. As a result of the increased inflation rates, authorities took measures to slow the economy. It’s probable then, that the measures taken by authorities combined with the high inflation rates resulted…

Words 1862 - Pages 8

Nike: Brazil and World Cup Essay

From the streets and parks of Brazil to the World Cup and Olympic games our mission is to maintain our industry leading presence in all arenas. Brazil through good resource management and some good fortune has earned the right to host the 2014 World Cup and the 2016 Summer Olympic games. Needless to say these are two of the largest sporting events in the world and rightly so garner the attention of millions of people from almost every country. The World Cup and the Olympics represent two of the most…

Words 4108 - Pages 17

Country and Market Analysis Essay

4. Forbes.com. 2014. Available Online: http://www.forbes.com/sites/greatspeculations/2014/03/12/coca-cola-in-brazil-global-events-and-energy-drinks-could-drive-growth-part-1/ 5. Top Ten Largest Renewable Fresh Water Supply Countries, Maps Of World, 2014. Available Online: http://www.mapsofworld.com/world-top-ten/world-top-ten-fresh-water-supply-map.html 6. Shale Resources and Water Risks. WRI, 2014 Available Online: http://www.wri.org/tools/shale/# 7. Business Insurance, 2014. Available Online:…

Words 911 - Pages 4