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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
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Sun, Jian; Ye, Lin

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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 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.
Keywords China; event; economic development (on national level); economic change; metropolis; Olympic Games; world exhibition; impact; structural change; investment policy; construction industry; infrastructure; transport system; tourism; import; export; gross national product
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