1. The Effect of the Olympics on Brazil
Abby Obando, Kevin Snyder and Edgar Hernandez

2. Brazil Economic Promise
In 2009, Brazil was awarded the Olympics
Around this time brazil had just become the 5th largest economy in the world
Massive demand for commodities and the large mining revenue were a big contributing factor
With the size of its vast resources in agriculture and mining sectors, Brazil could easily be considered a rising super power
These factor contributed to brazil being considered a more then reasonable candidate to host the Olympics

3. Before They Began

4. Brazil’s Economy As of 2014 GDP: $2.246 Trillion USD
Brazil’s GDP value represents 3.62% of the world economy
Inflation : %5.9
GDP: $ billion US dollars
Growth: %0.10
Brazil’s GDP value represents %3.62 of the world economy.
Inflation: %5.9

5. Brazil's Recent GDP Variance
Growing Concern over an inevitable recession and political conflict
Negative Growth began at the end of 2014
Canceling out the progress that was being made in previous years
That led to Brazil removing their president three months prior to the Olympic games
Reports were that the city’s infrastructure and economy will not be able to handle the pressure

6. FIFA to Olympic Preparation
From , Rio's tourism market grew from $1.26b to $2.10b due to the World Cup
To be able to accommodate an estimated 400,000 tourists, drastic changes had to be made to the infrastructure of Rio 
The bike paths collapsed which had a huge setback on the infrastructure expenses for the Olympic games as did the condition of the water in the Guanabara Bay which is hosting the sailing events
There was thousands that needed to be relocated from their homes 
In many cases, by force
All of this caused Brazil to cut their initial budget ($5 billion) up to 20%

7. Causes and Results of a Weakening Economy
Brazil is currently facing the worst recession in decades
They have had a significant rise in unemployment
Inflation has increased in the double digits
Most importantly, there has been corruption that have produced a failing state's oil company and with government energy company Petrobras
Rio’s state budget shows a $5.6 billion shortfall for Royalties from oil — the state’s main revenue-earner collapsed from $3.5b in 2014 to just $1b in 2015
These corruption scandals were made global during the preparation for the 2014 FIFA World Cup
Transportation fees increased dramatically to support the construction for the stadiums and protests broke out

8. Expenses Vs Revenue
London’s 1948 Olympics cost about £20m($ 30m). Beijing 2008 was reckoned to have cost about $40b
The city is using public private sector partnerships (PPP) to finance Rio’s facilities
The Brazilian government planned to transfer 2.9 billion reais ($849m) in emergency funds to the state of Rio de Janeiro to pay for infrastructure and security during the Olympic Games
Olympic sponsors also did not pay taxes in Brazil for advertisements throughout the marketing campaign 

9. Expenses Vs Revenue cont.
Sponsorships for the Olympic games bring in well over $2b, roughly 90% of that is split among the 204 NIOCs
The remaining 10% is kept within the IOC for operational and administrative costs
TV broadcasting is the highest channel for revenue contributing to 70% of Rio's $4.1b budgeting expense
NOCs contribute 20% of total revenues being generated
WW Marketing and sponsorship was estimated at $900m and $1.3m for domestic sponsorship
$300m will be generated from marketing and licensing and $250m generate from other sources 

10. Brazil's Current State
Brazil’s battered economy is slowly heading towards a recovery
Monthly data suggest that the recession continued to abate in Q3 of the fiscal year, although data remains poor
Industrial production rebounded in September and the current account deficit moderated, but retail sales continued to fall in August 
While the progress is promising and points to a stabilization of the political environment, the political scene remains complicated
In October, former house speaker Eduardo Cunha was arrested over corruption charges

11. Solutions that could have benefited Brazil
IOC Country Reassessment Policy- Would be considered with any signs of distress in the country
 A year prior to the Olympic games, they would have a back-up country that could take over 
A country that would have a stable economy and infrastructure, with capabilities to prepare within a year
This could work as motivation to the Initially intended hosting country to make sure they do what they need to maintain their hosting duties
IOC Reserve Funds- Emergency Relief 
The IOC would house the Reserve along with the WTB, helping with infrastructure and safety concerns
The reserve would be accumulated from the 204 NOC nations, and payed back from the hosting country in what they would usually receive from future Olympics 

12. Class Discussion-Vote and Tell Us Why
Does the Olympic committee deserve the full blame for Brazil’s struggle, before and after the Olympics?
Does Brazil deserve the blame?
Will this continue to happen to future Olympic hosting countries?

13. Sources