Fifa has confirmed the 2014 World Cup will be staged in South America.
Brazil have won the World Cup a record five times
The decision was taken by Fifa's strategic studies commission, headed by president Joseph Blatter.
"The naming of this confederation (South America) which has not organised a World Cup since 1978 (Argentina) and which has won this event nine times is logical," said Blatter.
Argentina hosted the 1978 finals and Colombia were due to stage the 1986 World Cup but had to pull out due to financial problems and Mexico stepped in.
Blatter insisted the economic problems which have affected much of Latin America in the last decade, notably Argentina, need not prove a hindrance.
He added: "I wouldn't say all of South America has been economically depressed because some have had some wonderful economies.
"Chile and Brazil are in a good state, and Venezuela and Colombia if they didn't have other problems are very rich countries.
"Who can predict the economy of tomorrow? But the World Cup is not dependent on the economic strength of the country where it's played, its strengths are the
quality of the game and quality of the competition."
Germany is hosting the 2006 World Cup with the 2010
event destined for Africa with six countries - South Africa, Egypt, Libya, Morocco, Nigeria and Tunisia - bidding.
The 2010 venue will be chosen in May 2004.