Growth Impact of Major Sporting Events Research Paper - 3

Growth Impact of Major Sporting Events - Research Paper Example The focus of this research is to, â€Å"Critically evaluate the awarding of the Football World Cup hosting to the emerging markets of the world.† The research problem has been formulated with respect to the emerging markets. This has presented a huge scope of research and analysis in the paper. In order to address the research problem, the frequency in how the governing body of international football has awarded the hosting of the Football World Cup to the emerging markets have been reviewed. A background study on the mission, vision, and goals of the international governing body namely Fà ©dà ©ration Internationale de Football Association (FIFA) has been carried out (Bob, Swart and Turco, 2006, p.58). Considering the goals and objectives of the organization, the various factors that have influenced the aspect of voting in favor of the emerging markets have been determined in this research paper. The critical evaluation of FIFA’s decision in awarding emerging markets with the hosting rights of the Football Cup has been determined to the extent to which the goals and objectives of the governing body have been fulfilled with this decision (Baade and Matheson, 2004, p.353). The research problem also established the fairness of the World Cup Bidding Process and the basis of FIFA Executive Committee’s decision in awarding the Football World Cup hosts to the developing countries. In order to analyze the research problem, the positive and the negative impacts on the emerging economies as a result of hosting the World Cup event have been determined.