Benefits of FIFA World Cup
Countries usually compete aggressively for the opportunity to host the FIFA World Cup that is held after every 4 years. Usually, fans from various parts of the world go to the host nation and they bring lots of energy, culture and passion. Aside from national stature, there are many other benefits of FIFA World Cup as shown below.
1. Social benefits
The FIFA World Cup offers a great chance of bringing the entire world together through football competition. This fosters interactions between different cultures and therefore builds international understanding. This competition helps in contributing to universal tolerance and assists people forget about wars and racism.
2. Better infrastructure
This particular competition encourages the building of better infrastructure for supporting the many people who are expected to attend the event. Bridges, airports, rail, roads as well as sport facilities are going to be developed to the best standards. This increases productivity substantially.
The FIFA World Cup fosters the increase in tourists to a certain host country. The money got from the tourists is then injected back into hotels, small businesses, tours, souvenir shops and also transport companies. The tourists also interact with the local people and share their culture with them.
4. Economic benefits
Due the many potential visitors that come to a host country during a FIFA World Cup, the economy of the host nation can be boosted significantly. In fact, the worldwide exposure gotten from the World Cup competition may benefit a host country as well as its local industries and suppliers for a long time to come. Studies show former hosts of the FIFA World Cup saw their respective stock markets outdo fast growing economies like China and India.
Nevertheless, if the revenue received during a World Cup does not match the money spent hosting the competition; it can take the nation a long time to fully recover economically.