Opinion: Investing in Women's Careers
Abstract: In the early 2000s, only about 5 percent of all NBA players were from Europe. As of 2017, that number had risen to almost 14 percent. During this same period, the league's revenue grew from $2.5 billion to $7.4 billion, peaking in 2019 at $8.8 billion. Since that time, the NBA has invested in global talent on behalf of its teams, and it recently opened academies in Australia, India, Senegal, and Mexico. As a result, young athletes worldwide are choosing to play basketball and invest in their skills more often. The investment is paying off: The last five NBA MVP awards have gone to players from overseas. The league grew and everyone — most of all those with the talent to play at the highest level — won.
File format is application/pdf
Description: Journal Article
Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2023