Brazil Didn't Burn During The World Cup, But What's Next?

In the International Business Times, CEU Professor of Economics Gerardo Della Paolera discusses the economic implications for Brazil as hosts of the 2014 World Cup.

“In terms of opportunity cost, it is clear that money could be spent on socially more pressing needs,” he said. “However, unlike the Olympic Games organized by a small [economy] such as Greece, the burden for the [Brazilian] economy is much smaller in this case, and there is some mobilization of investment for long-lasting infrastructure.”

Brazil National Stadium image credit: Agencia Brasil