2014 Brazil FIFA World Cup and 2016 Rio Olympics: Opportunities to Revive Brazilian Economy

Abstract

Rio +20, UN Conference on Sustainable Development, held during June 2012 in Rio de Janeiro, an event attended by more than 100 heads of state was highly criticized for the lack of organization and poor service. Many delegates suffered hour long traffic delays, and authorities had to intervene after a travel-agency which won the contract to arrange for hotel accommodation of the delegates charged multiple times the usual room rates. Makeshift camps had to be set up in a park due to scarcity of hotel rooms. The conference brought to surface the appalling state of infrastructure in Rio and other big cities in Brazil. ''We won't make the same mistake" promised Mr. Eduardo Paes, Rio's Mayor. A country which ranks 104 out of 142 countries in the World Economic Forum's survey on Quality_ of Infrastructure will hold the Football World Cup in 2014, followed by Olympics during 2016.