As the curtain closes on the Olympics at Beijing, various aritcles have started analyzing the performance of different teams. I came across a very interesting article on msn. It is titled
National wealth worth weight in gold (medals) and analyzes the business of the Olympics. The article is neatly summarized in the first line :
The winning formula is just so simple: Gold equals gold (few exceptions). The article makes a comparison between the GDP of a country and the number of medals won. A University of South Australia analysis found that one gold medal typically costs a country $37 million in training funds. The countries that won the most number of medals are those with a very fat economy (China, US, Russia, Japan, Great Britain).
It’s not known how much money China has plowed into its Olympic program, but it’s thought to be far more than the United States.
Here is the table.
And now for the exceptions.
India, which ranks 4th in GDP, could win only 3 medals. It is ranked 51 in the medal table.
Small countries like Jamaica and Belarus - The GDP of Jamaica is $12 Billion compared to India's $4.2 trillion. Jamaica won 10 medals including 6 Gold medals!! Even a country named Belarus (do you even know where it is?) won 16 medals including 4 gold medals!!
There has been a really big discussion on this on some Indian groups in my office. They tried to find out why India sucks big time at sports. Do we even play any sport other than cricket? It's not that we are world champions even in cricket. We still get beaten by even Sri Lanka. I'm sure that this question does not have a simple answer. We have a very convoluted and shitty system in India and it is going to be very difficult to change that. We try to compete with China in everything. But this is one field where we cannot even compare the two countries.
Jai Hind!!