Why Hosting The World Cup Is A Bad Idea For Countries
November 8, 2022
1,058,863
11,796
1,350
1.24%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Cnbc Episodes Around November 8, 2022
See what was published immediately before and after this episode.
Chapters
YouTube Description
as posted by the channelNov. 20 is the opening day of the much anticipated FIFA World Cup in Qatar. The country is estimated to have spent roughly $229 billion on hosting the event, making it the most expensive World Cup ever, and more than four times as costly as all tournaments combined since 1990.
But aside from the honor involved with hosting the biggest soccer tournament in the world, it could draw massive exposure to a country: an influx of tourism, the potential for foreign trade, new development and jobs. For Qatar, the tiny Gulf country needed stadiums and infrastructure and used 1.7 million workers, 90% foreign, to help get the country ready.
The question remains, will the glory and questionable short- and long-term economic impacts outweigh the debt? Many experts say no.
Produced by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Graphics by: Jason Reginato, Alex Wood
Chapters:
» Subscribe to CNBC
» Subscribe to CNBC TV
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
Why Hosting The World Cup Is A Bad Idea For Countries
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.