2002 World Cup and Economics

It is hard to deny that sports and economy are correlated whether is for the mutual benefit or detriment. Almost every country has its most popular and favourite sport. Baseball is for Japan, Cuba, and Korea. Football is for U.S., while Hockey is for Canada. Rugby is for Australia, and New Zealand. However, Soccer is for continent of Europe, Africa, Latin America, and recently, even China. It is undeniable that Soccer is arguably the most widespread sport all over the world, and beside those above-mentioned countries, there are still many more countries that Soccer is their most favourite sport. And, simultaneously, FIFA World CupTM, not inferior to the Olympics, is the biggest sport event in the global village that we are living in. Matter of fact, it is evident that the word ¡®World Cup¡¯ evokes Soccer to most people, while there is a World Cup for swimming, gymnastics, tennis, hockey, rugby, and etcetera¡¦. And naturally, FIFA World CupTM is an event that really affects one co...