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Given Turkey's burgeoning wealth and influence, this year's biennial promises to be a signal event.
But the country's leadership has come to believe that the loss of traditional Confucian values of honour and decency have harmed the country, as burgeoning wealth and the rise of consumerism caused a more self-serving, money-grabbing approach.
After the boom years of the turn of the decade – when China's burgeoning wealth translated to huge growth for European luxury brands – sales have been down at many Italian mega-brands including Gucci and Prada.
Although China's burgeoning wealth owes much to its export industries, for the Olympics the country has been content to play the reverse role, buying the most futuristic architecture that the rest of the world has to offer, rather than showcasing native talent.
Burgeoning wealth has allowed them to just about guarantee the transmission of cultural capital from one generation to the next, partly through success in academic competition, partly via what would in other circumstances be called social engineering – using fees and academic selection to cherry-pick students and families, and to constitute networks, outlooks and codes.
When conceived, the Ryugyong was intended to communicate to the world an impression of North Korea's burgeoning wealth.
Similar(49)
As a small financial elite captured an increasing share of the world's productive output, and the concentration of wealth intensified, a giant mountain of global footloose capital – a mix of corporate surpluses and burgeoning personal wealth – began to emerge.
From the early 1990s, the surge in inequality unleashed a flood of footloose global capital – a mix of corporate surpluses, bank lending and burgeoning personal wealth.
In the build-up to 2008, rising corporate surpluses and burgeoning personal wealth led to a giant mountain of footloose global capital.
The country has used this burgeoning oil wealth to invest close to $100bn£61.6bnbn) around the world since economic sanctions were lifted in 2004.
The left tends to concentrate on emphasising the number of people who do not benefit from the country's burgeoning private wealth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com