Beijing Olympics an Economic Disaster for China
For the past two weeks, Beijing has been the center of the world’s attention playing host to record breaking performances in world class athletics. As the Summer Olympics come to a close, the BOSTON GLOBE examines financial impact the Games have had on the host nation.
Victor Matheson, an associate economics professor at Holy Cross writing for THE GLOBE says, “Despite their success on the playing fields, the event has been an economic disaster for the Chinese.” Ouch. So I guess you’re saying that $40 billion price tag was a bit much.
Chicago, are you reading this?
