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Mega-events, local economies, and global status: what happened before the 2008 Olympics in Beijing and the 2010 World Expo in Shanghai
Mega-Events, lokale Ökonomien und globaler Status: was geschah vor den Olympischen Spielen 2008 in Bejing und der Weltausstellung 2010 in Shanghai
[journal article]
Abstract Mega-events such as the World Cup and the Olympics have been used for economic development, urban transformation and global status enhancement. Beijing and Shanghai embraced these purposes when they won the bids for the 2008 Olympics and the 2010 World Expo respectively. This article examines the pr... view more
Mega-events such as the World Cup and the Olympics have been used for economic development, urban transformation and global status enhancement. Beijing and Shanghai embraced these purposes when they won the bids for the 2008 Olympics and the 2010 World Expo respectively. This article examines the pre-event economic changes in Beijing and Shanghai that are associated with their pursuit of mega-events. Changes in a group of economic indicators are tracked from 1997 to 2006. It was found that after winning the bids for the Olympics and the World Expo, Beijing and Shanghai experienced greater growth in construction and tourism, a speeding-up in economic development and restructuring, and an improvement in physical infrastructure. However, the enhancement of global exposure was not accompanied by growth in foreign trade and in the finance, insurance and real estate (FIRE) industries. The empirical analyses place the mega-events in large economic contexts and provide a base for future post-event studies.... view less
Keywords
transport system; construction industry; metropolis; world exhibition; structural change; export; economic development (on national level); import; infrastructure; Olympic Games; investment policy; tourism; impact; China; gross national product; economic change; event
Classification
Sociology of Developing Countries, Developmental Sociology
Political Economy
Method
applied research; empirical; quantitative empirical
Free Keywords
Social sciences; sociology; events (organized); mega-events; economic restructuring; global status; Contemporary
Document language
English
Publication Year
2010
Page/Pages
p. 133-165
Journal
Journal of Current Chinese Affairs, 39 (2010) 2
ISSN
1868-4874
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works