Name: 日本會因為奧運會而破產嗎？- VisualPolitik EN (Will JAPAN go BANKRUPT because of the OLYMPICS? - VisualPolitik EN)
Uploaded: 2021-01-14T10:08:54.000Z
Duration: 13 min 10 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

Japan is to economics what Axl Rose is to music business.

過去簡單式

They both rocked in the late 80s and beginning of the 90s, then they started losing ground

to 不定詞

and nowadays, anytime they try to make a comeback, the results are… pretty disappointing.

I know what you are thinking… from the first glance, Japan doesn’t seem to be that bad,

They have the videogames, the anime movies and world class tech behemoths.

And their capital, Tokyo, looks like a Scy-Fy city.

It is the World’s biggest metropolis, with over 30 M people, and they have the fastest

trains, the most modern TVs and even human-like robots.

Nonetheless, this country has been 2 decades without no economic growth.

Japan is the most indebted country in the whole planet.

They owe more than twice their entire GDP.

And their population is decreasing faster than anywhere else, which poses a big problem

This is one of the reasons why Japanese workers make crazy hours and have almost no vacations.

And those good old technological juggernauts like HITACHI or PANASONIC are falling behind

the more modern companies from China or America.

But hold on just a second because things might change!

Yes, I’m talking about the TOKYO OLIMPICS, 2020.

A peerless opportunity to make to showcase the whole country and get the world’s attention.

Yes, my dear viewers… since Japan won the Olimpic bid, in the year 2013, tourism has

And the same goes with private investment.

By that year 2020, Tokyo will have 45 brand new skyscrapers.

And companies like PANASONIC will set state of the art solar cells all over the place

so people can charge their electric cars.

If this was not enough, SONY will launch their brand new 8K TV screens.

If 4K was not enough, now we will have 8K so you will be able to see even the microfiber

But hold on just a second because… not everything is as beautiful!

You see, when Tokyo won the Olympic bid, they budgeted them in 6.5 billion dollars.

But once they started with the building, the costs have doubled.

In fact, Tokyo’s city hall has predicted the total cost might end up near the 20 billion

So the question is… would this Summer Olympic Games be an opportunity for Japan… or the

Are Olympic Games as good for a country’s economy as some people say?

Today we are gonna answer all of this questions but, before, let’s take a look back at history.

Few things spark nacional pride as much as Olympic games.

Of course, we all like to brag about the gold medals our country has.

But what really inflames patriotism the most is to become an Olympic host.

The excitement it generates is so big that everyone, regardless of their ideology, seems

to think that organizing an event like this is a good thing for the country.

Nonetheless, inside the economists field, things are not that clear.

In fact… the arguments in favour of hosting Olympics are a little bit like… hmm… how

They are so inconsistent they could be a tweet written by Donald Trump

According to a paper from the Bank of Japan, the effects of the Olympics are so good that

you can tell even before they have been celebrated.

More specifically, the same year the International Olympic Committee named Tokyo as the host

city, everyone started to see Japan as a perfect place for investment.

Remember that we are talking about a paper from an institution as prestigious as the

This would be the Japanese equivalent to the American Federal Reserve.

This said, one of their main arguments is that, if your city gets to be an Olympic host,

the whole country can join all those big organizations every country would like to be a member of.

Barcelona got the nomination in 1986 and…

That very same year, they joined the European Union.

That year they joined the World Trade Organization.

It seems like nobody could argue this train of thoughs, right?

Well… wait a second because this is a textbook example of a correlation fallacy.

In other words, the fact that Spain joined the EU the same year Barcelona got chosen

as the Olympic host does not mean one thing caused the other.

In fact, Portugal also joined the EU on the same year without hosting anything.

On the same times, other Asian countries joined the WTO without organizing no sport events.

But I know what you are gonna tell me now!

Hey Simon, what about the international attention?

During two weeks, the whole world is going to put their eyes in Japan.

We are talking about the biggest sport event in the world.

You see, the London Olympics 2012 got an average audience of, around 31 million people in America.

To make a comparison, this is twice as much as a Game of Thrones episode.

But… what happened with the rest of the games?

For example, Sochi Winter Olympics, 2014, didn’t even get to have 22 million viewers

This might look big to you, guys, but is nothing if we compare it with a much cheaper event

The 2016 Superbowl surpassed 110 million viewers.

In other words, even though Olympics are watched all around the world, when you look at the

audiences country by country, the figures are not so impressive.

And this means that the perception that people have about a country does not change.

At least, it doesn’t change… for good…

In a study of the impact of the 2000 Olympics in Sydney, Australian researchers interviewed

people one year before and after the Games.

They found little change in perceptions, with one surprising wrinkle: South Africans had

soured on Australia “because of the way in which the Aboriginal issue was highlighted

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日本會因為奧運會而破產嗎？- VisualPolitik EN (Will JAPAN go BANKRUPT because of the OLYMPICS? - VisualPolitik EN)

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