World Cup

Global Economy Won't Score at This Year's World Cup

Topics: Culture
Countries: South Africa

It's probably no surprise that for big-time soccer fans, watching the world cup is more enjoyable than working. But breaks taken to check the latest score and watch part or all of the game collectively add up to big dips in productivity, according to a recent Atlantic Monthly article on the economics of the World Cup.

As the tournament gets closer to the finals there are even bigger slides in productivity. The Center for Economics and Business Research estimates that the price tag for a month of sports-induced distraction amounts to $2.8 billion.

For soccer fans, going to the World Cup is a dream come true. Watching the games on TV or online is the next best thing. Photo: <a href="http://www.flickr.com/photos/snapeverything/4692406069/">Axel Bührmann (flickr)</a>
For soccer fans, going to the World Cup is a dream come true. Watching the games on TV or online is the next best thing. Photo: Axel Bührmann (flickr)

Amidst Falling Oil and Remittances, Soccer Saves the Day in Mexico

Mexian fans celebrate a goal. In soccer-centric countries such as Mexico, winning a soccer match can represent more than just a victory on the field. Photo: <a href="http://www.flickr.com/photos/frank_z/165198018/in/set-72157594170">++Frank++ (flickr)</a>
Mexian fans celebrate a goal. In soccer-centric countries such as Mexico, winning a soccer match can represent more than just a victory on the field. Photo: ++Frank++ (flickr)

Mexico's finance secretary recently warned that falling oil prices and production may lead to the nation's worst recession in 30 years.

But on Wednesday, economic worries took a backseat to Mexico's World Cup qualifying match against the United States, which many Mexicans viewed as more than just a soccer match.

“This was life or death for the whole country,” Kurt Vogt, a Mexican supporter, told The New York Times, which headlined their article about Mexico's 2-1 victory, "Mexico Restores Order to Its Universe."

Not only did Mexico's World Cup 2010 hopes rest on the outcome of the match, as well as an impressive home unbeaten streak — they're 23-0-1 against the U.S. at Azteca Stadium — but the country's hard-hit ego and slumping economy stood to gain substantially as well.

“It's incredible how it effects our emotions and our economy — one game,” said Eliseo “Papo” Santos, a former professional player and coach told Mark Zeigler of The San Diego Union-Tribune. “Not qualifying for the World Cup, it would be devastating for us. It'll bring your country down big time.”

This isn't just a gut feeling — it's "soccernomics." The Union-Tribune's Zeigler points out that after Italy won the World Cup in 2006 its gross domestic product grew by 2 percent, after two years of zero growth.

No wonder both Mexico and the U.S. played their recent World Cup qualifier as if it was the championship match.


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