At the time, Brazil was named as the first Latin American host of an internationally-recognised sporting mega-event, and it was on the brink of economic boom. The Lula oil field (formerly, Tupi old field) was found in 2006, off the coast of Rio de Janeiro, and with it came the promise of economic prosperity. But the nation continued to rely upon the export of raw material commodities – a temporary solution, much like the sporting mega-event – instead of establishing a more sustainable, internal economy.
Read more: at The Conversation, Yahoo Sport and Vocativ
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