Opinion | Tokyo Olympics: should Hong Kong pour more money into the quest for medals?
- While some argue that funding translates into Olympic success, other factors, such as population, culture and geography, play a role
- Hong Kong should invest more in fostering a love of sports early in children, which will translate into better public health and might also boost the economy
Some studies have revealed a strong relationship between state investment and funding and medals won in international sports competitions, including the Olympic Games. Some scholars have argued that sustained public investment is a vital factor in nurturing great athletes to compete in international sport events.
The world’s top sporting countries, such as the US, China, UK, Australia, Russia and Germany, invariably spend substantial amounts of money annually on nurturing athletes and developing training facilities.
However, money is not the sole factor in sporting success. For example, Luxembourg, whose gross domestic product per capita is almost 2.5 times that of ours and around twice that of the US, has so far won only one Olympian gold medal.