Southern Hemisphere Southern Hemisphere are São Paulo, where the Bovespa Index is headquartered, along with Sydney, home to the Australian Securities Exchange, Johannesburg, home to the Johannesburg Stock Exchange and Buenos Aires, headquarters of the Buenos Aires Stock Exchange, the oldest stock market in the Southern Hemisphere. Among the most developed nations in the Southern Hemisphere are Australia, with a nominal GDP per capita of US$51,850 and a Human Development Index of 0.939, the second highest in the world as of 2016. New Zealand is also well developed, with a nominal GDP per capita of US$38,385 and a Human Development Index of
Olympic Games it will be able to fund the Games. After the work of the evaluation commission, a list of candidates is presented to the General Session of the IOC, which must assemble in a country that does not have a candidate city in the running. The IOC members gathered in the Session have the final vote on the host city. Once elected, the host city bid committee (together with the NOC of the respective country) signs a Host City Contract with the IOC, officially becoming an Olympic host nation and host city. By 2016, the Olympic Games will have been hosted