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A general view is seen of fireworks after Brisbane was announced as the host city of the 2032 Olympics at the Brisbane Olympic Live Site in Brisbane, Australia, on July 21, 2021. Albert Perez/Getty Images
On the recent morning after the International Olympic Committee named Brisbane as the host city of the 2032 Games, Queensland Treasurer Cameron Dick was quoted as saying the event would “transform Queensland—and the rest of the nation along with us.”
Economist Robert Carling is a senior fellow at the Centre for Independent Studies in Sydney, Australia. He was executive director at the New South Wales Treasury from 1998 to 2006, and has held positions with the Commonwealth Treasury, the World Bank, and the International Monetary Fund.