Brazil and the 2014 World Cup

Wolfgang Pflüger, Jörn Quitzau and Henning Vöpel

No 18e, Strategy 2030 - Wealth and Life in the Next Generation from Hamburg Institute of International Economics (HWWI) and Berenberg

Abstract: The opening game of the 20th FIFAWorld Cup in Brazil will kick off in São Paulo on 12 June. Two years later, Brazil will again be under public scrutiny around the world when Rio de Janeiro hosts the XXXI Summer Olympics. These events are giving Brazil the chance to present itself to the world as a powerful, safe and modern country. But in the run-up to the World Cup, massive protests against the country's political leaders have erupted among large parts of the population. Even though few countries are as sport- and especially football-mad as Brazil, many Brazilians view the World Cup as a symbol of corruption and mismanagement. Some stadiums are still not finished a few weeks before the start of the World Cup, and massive security concerns prevail. Things are not going all that smoothly for the host country in economic terms either. Given the difficult situation at present, Brazil's chances of winning the World Cup are certainly much greater than of it being able to catch up with the world's leading economies any time soon.

Date: 2014
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