The big loser at the World Cup is Brazil’s economic future
— Special to The Globe and Mail
Brazil will soon host the world’s two biggest sporting events: the World Cup of soccer starting next week and the summer Olympic Games in 2016. Brazil might feel a moment of joy if the home team emerges triumphant, as often happens at the World Cup. But Brazilians already expect to be net economic losers from the “privilege” of playing global sporting host – not just once, but twice.