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Lastly, we have the city which won the bid to host the 2016 Olympics: Rio de Janeiro, Brazil! The historic selection of Rio makes it the first South American city to ever host the games, and the second ever to do so in Latin America. To better understand the effect the Olympics could have on Rio, it is important to examine the various facets of Rio and its diverse economy.

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Congratulations to the city of Rio de Janeiro for being selected as the host city for the 2016 Summer Olympics Games! This will be the first time that the continent of South America will host any Olympic Games. With all the buzz surrounding this topic, we here at globalEDGE thought it would be great to do a series on each of the final four candidates that were chosen from. Each day next week we will dissect Rio de Janeiro, Tokyo, Madrid, and Chicago to show what makes them an international business hotspot. We hope you tune in next week for some amazing insights on four very diverse economies.