Ukraine to be Top Emerging Market at London 2012 says Goldman Sachs

By Community | July 17, 2012

According to a study compiled by American bank Goldman Sachs, arthritis  Ukraine will be the only emerging market in the top ten best performing countries at the upcoming 2012 Summer Olympics in London.

The authors of the research The Olympics and Economics 2012 expect Ukrainian athletes to win 9 gold medals (and 27 total) at the high profile sports event.

Explaining the methodic used to produce The Olympics and Economics 2012, the author states: “Ultimately, it appears that gold does go where growth and the overall growth environment are best.” The report quotes Tim Hollingsworth, the Chief Executive of the British Paralympic Association: “When you create a world class environment you are far more likely to create world class athletes.”

The indicator used by Goldman Sachs experts to assess the probability of a country winning a certain amount of medals was the Growth Environment Score. The analysts used income, as well as political conditions, macroeconomic stability, macroeconomic conditions, human capital, technology and the microeconomic environment as reference points.

Ukraine took the tenth position in the Goldman Sachs rating with other countries in the top ten being the USA, China, the UK, Russia, Australia, France, Germany, South Korea, and Italy. In 2008 Summer Olympics in Beijing Ukraine scored 11 position on the medal table. Ukrainian athletes won 7 gold medals, 5 silver, and 15 bronze then.

Interestingly, the authors of The Olympics and Economics 2012 singled out the sports, most affected by the economic variables. They are cycling, judo, rowing, and swimming. Though Ukrainian judoka Roman Gontiuk and cycler Lesya Kalitovska did win bronze in Beijing, Ukraine won gold in shooting, archery, fencing, athletics, canoeing, and boxing.