Gubad Ibadoghlu’s Post

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Senior Visiting Fellow at London School of Economics and Political Science

I am pleased to share my next article, "The Political and Economic Impacts of Formula 1 Races in Azerbaijan: Myths and Realities", which offers a unique perspective and in-depth analysis on this topic.Since 2016, Azerbaijan has been hosting the Formula 1 Grand Prix. Due to COVID-19, the race was not held in 2020 and was conducted without spectators in 2021. The initial contract for the event was supposed to end in 2020, but it was extended for another three years. In 2023, Azerbaijan secured the continuation of its hosting rights until at least 2026 1. Apart from Formula 1, the country has hosted several other prestigious international events, including the Eurovision Song Contest in 2012, the first European Olympic Games in 2015, the 4th Islamic Solidarity Games in 2017, and the European Youth Olympic Festival in 2019. In 2024, Azerbaijan will host COP29, the most significant event in its history since independence, further adding to its diverse event portfolio. Despite some questions surrounding Baku's role as a host for Formula 1 compared to other international sports events, the Azerbaijani government has regularly organized the race for the past seven years and has yet to address these questions. In this paper, we examine the myths and realities regarding the political and economic impacts of Formula 1 races. For those interested, I invite you to read the full article through this link, acknowledging and respecting your valuable time and interest in this crucial topic. Available at SSRN: https://lnkd.in/drEzG_Zb or https://lnkd.in/dJP_hPjk

The Political and Economic Impacts of Formula 1 Races in Azerbaijan: Myths and Realities

The Political and Economic Impacts of Formula 1 Races in Azerbaijan: Myths and Realities

papers.ssrn.com

Gubat Abdullaev

Government & Sociology | Children's Rights Activist | Davis Project for Peace Fellow'24 | UofOxford Student | USIP Generation Change Fellow

4mo

Insightful! I will also add that as Formula 1 continues to expand globally, it's important to also consider the darker side of large-scale international events. Research has shown that such events can lead to increased incidents of human trafficking, particularly sex trafficking, as traffickers exploit the influx of tourists and the demand for illicit services. While F1 brings excitement and economic benefits to host cities, it's critical that we also strengthen efforts to combat trafficking and support vulnerable and marginalized individuals.

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