Once highly desired for prestige and economic benefits, hosting major sports events is now met with caution due to escalating costs and risks. Conversely, emerging economies view these events as valuable tools for economic growth. This book chapter explores these dynamics, highlighting cost overruns in international examples, and the strategic interest from emerging nations.

The Australian federal government recently resolved to scrap the Victorian state government’s Belt and Road Initiative (BRI). The timing of this decision needs to be contemplated as ongoing developments may trouble bilateral relations between Australia and China, writes John Varano.

The COVID-19 pandemic has ignited new debate on China’s flagship foreign policy, the Belt and Road Initiative (BRI). Against the official position of the Australian federal government, the state of Victoria has recently signed on.

China seems poised to emerge from the current crises stronger than before. This will test the Sino-Australian relationship that has been characterised by mutual strategic interest and mutual distrust.

Hosting an internationally prominent sporting event invites the global spotlight, provides an injection of tourism money, and a chance for a city or a country to rebuild or develop infrastructure. However, it also brings an immense financial commitment and great risk.