What does Mexico need to win more medals?
An analysis by the Peterson Institute for International Economics (PIIE) found that factors such as GDP per capita, population size, host country, average years of schooling and educational achievement of women, among others , influence the Olympic medals.
According to the medal ranking published by the Mexican Center for International Relations (Cemeri) which includes all the Summer and Winter Olympics until 2018, Mexico ranks fourth in Latin America, despite the fact that according to the World Bank data, its GDP per capita that rivals the richest countries.
Cuba ranked first among the countries in the region with the most Olympic medals, with 78 gold, 68 silver and 80 bronze, while having a GDP per capita of $ 9,999.
It was followed by Brazil, a country with a GDP per capita of $ 6,796, which has 30 gold, 36 silver and 63 bronze.
Argentina placed third with 21 gold, 25 silver and 28 bronze, and a GDP per capita of $ 8,442.
Mexico came in fourth with 13 gold, 24 silver, 32 bronze and a GDP per capita of $ 8,347.
However, the Foundation pointed out that these achievements in Latin American countries are insignificant compared to powers like the United States, which has won 2,828 medals in its history, or the United Kingdom, which has won. likewise, with 1,120 medals going so far.
Tokyo, with a neutral effect
The Olympics, which open today in Tokyo, Japan, will have a neutral economic impact on the site, Goldman Sachs warned, due to the emergence of new variables and the country’s vaccination process.
Naohiko Baba, the company’s chief Japanese economist, said in an interview with CNBC that Japan’s gross domestic product could only increase by 0.2% due to the sporting event.