Friday, September 14, 2018

Richer Countries Win More Medals in the Asian Games

Asian Games have recently concluded. Various analysis have been made about performances of different countries in the games, but one interesting aspect is that the richer countries had a better medals-to-population ratio in the recently concluded Asian Games. 

From the article "The wealth of nations and sporting success", published Wed, Sep 05 2018: 
"The most tangible manifestation of wealth’s impact is on the ability to spend on sports. In their book, Successful Elite Sport Policies, Veerle de Bosscher and co-authors analyse the performance of 15 successful sporting nations to highlight nine pillars for sporting triumph. They find that while there is no generic policy blueprint, there is a strong positive relationship between money spent on sports development and success."
Is it not logical and at the same time a little sad? 

This is why I have my personal opinion that poor countries should not spend too much money over sports; because they simply can't compete with the amount of money the richer countries spend. 

Referece: https://www.livemint.com/Sports/1DKgIYnkuOgW7eqHzgIs5M/The-wealth-of-nations-and-sporting-success.html

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