Mega-events, Local Economies, and Global Status: What Happened before the 2008 Olympics in Beijing and the 2010 World Expo in Shanghai

Jian Sun () and Lin Ye ()

Journal of Current Chinese Affairs - China aktuell, 2010, vol. 39, issue 2, 133-165

Abstract: Mega-events such as the World Cup and the Olympics have been used for economic development, urban transformation and global status enhancement. Beijing and Shanghai embraced these purposes when they won the bids for the 2008 Olympics and the 2010 World Expo respectively. This article examines the pre-event economic changes in Beijing and Shanghai that are associated with their pursuit of mega-events. Changes in a group of economic indicators are tracked from 1997 to 2006. It was found that after winning the bids for the Olympics and the World Expo, Beijing and Shanghai experienced greater growth in construction and tourism, a speeding-up in economic development and restructuring, and an improvement in physical infrastructure. However, the enhancement of global exposure was not accompanied by growth in foreign trade and in the finance, insurance and real estate (FIRE) industries. The empirical analyses place the mega-events in large economic contexts and provide a base for future post-event studies.

Keywords: China; events (organized); mega-events; economic restructuring; global status (search for similar items in EconPapers)
Date: 2010-07
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hup.sub.uni-hamburg.de/giga/jcca/article/view/257 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gig:chaktu:v:39:y:2010:i:2:p:133-165

Ordering information: This journal article can be ordered from
http://www.giga-hamburg.de/china-aktuell

Access Statistics for this article

More articles in Journal of Current Chinese Affairs - China aktuell from Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg Contact information at EDIRC.
Bibliographic data for series maintained by Karsten Giese () and Heike Holbig ().