Summer Olympic Games demand for tickets to all levels of each event, there was controversy when seats set aside for sponsors and National Delegations went unused in the early days. A system of reallocation was put in place so the empty seats were filled throughout the Games. Rio de Janeiro, Brazil hosted the 2016 Summer Olympics, becoming the third city in the Southern Hemisphere to host the Olympic Games after Melbourne, Australia, in 1956 and Sydney, Australia, in 2000, and the first South American city to host the Olympics. The preparation for these Games was overshadowed by controversies, including the instability of Brazil's
Olympic Games Games, at 324%. London 2012 had a cost overrun of 76%, Sochi 2014 of 289%. Many economists are sceptical about the economic benefits of hosting the Olympic Games, emphasising that such "mega-events" often have large costs while yielding relatively few tangible benefits in the long run. Conversely hosting (or even bidding for) the Olympics appears to increase the host country's exports, as the host or candidate country sends a signal about trade openness when bidding to host the Games. Moreover, research suggests that hosting the Summer Olympics has a strong positive effect on the philanthropic contributions of corporations headquartered in