Marine, Support Representative The Olympic Games are a tremendous event with roots that can be traced right back to the ancient Greek games held in Olympia from around the 8th to the 4th centuries BC. The modern games as we know them however really began back in through the formation of the International Olympics Committee IOC which held the first modern Olympic Games in Athens. The Olympic games are held every 4 years on a leap year while the Winter Olympics fall between them allowing us to have Olympic events every 2 years.
Evaluate the arguments for and against the view that major sports events are good for the economy? Major sports events such as the World Cup and the Olympics are often seen as a potential source of economic regeneration.
Yet, many are worried about the economic costs of hosting a major sporting event that only lasts for three weeks. These are some of the economic benefits and potential costs of the Olympics and other major sporting events. Economic benefits of the Olympics 1. Encourages investment in transport and infrastructure Major sporting events usually require upgrades to transport and communication links.
This investment leaves a lasting legacy for the whole economy. Better transport links reduce congestion and help to improve efficiency for local business.
It can help increase the productive capacity of the economy shifting aggregate supply to the right. For example, for the London Olympics inwe have seen new rail links created in East London, and improvements to existing underground and overground train services London Olympic rail networks 2.
Influx of foreign visitors A major sporting event like the Olympics can attract thousands of people for the duration of the games. These foreign tourists bring a boost to the local economy. However, it is worth noting that these visitor numbers tend to be temporary.
The major sporting event only lasts for a few weeks; potentially there could be many empty hotel beds in the future.
On the other hand, people argue a major sporting event can lead to a long-term growth in visitor numbers. China felt the Beijing Olympics created a feeling that China could be a popular tourist destination.
Barcelona saw higher visitor numbers continue after the Barcelona Olympics of Job creation Typically, major sporting events require investment in building stadium and hotels. This creates jobs for the local economy for up to 4 years before the event.
These extra jobs help create a positive multiplier effect within the local economy. It is hoped that the London Olympics will help regenerate the east end of London.
Some argue this temporary job boost can prove more permanent if the economic regeneration continues after the games. This leads to higher tax revenues for the government Costs of events like the Olympics 1.
Expense The cost of hosting a major sporting event has increased significantly in recent years. It includes, not only, all the investment but also the heightened security. It is hard to meet these costs through sponsorship and ticket sales alone. Therefore, it can lead to higher taxes for the local population.
In cases like Montreal and Athens, the cost has been very significant burden on the local economy 2. Will the infrastructure be used in the future? The Olympics requires a lot of investment, which may not necessarily be used in the future.
Many custom built sporting events may not be used in the future. If they are not used, then it is an inefficient use of resources. Taxpayers will pay for the cost of building but will get a poor return in terms of improved public services.
Disruption during the event It is feared that during the Olympics there will be a disruption to local businesses not affected. For example, increased security features make it more difficult to continue normal business. Opportunity cost Local taxpayers are not always supportive because they feel that there are better alternatives to spending public money on Olympic stadium.Is hosting the Olympic Games bring any benefit to the host countries?
Essay examples - In every major sports event, like the FIFA World Cup or the Olympics, there’s always a huge celebration and a positive vibes surrounding such events.
Hosting The Olympic Games: The Big Owe Essay example - Despite we are at the end of May, the memory of the latest Winter Olympics held in Sochi is still fresh and vivid.
Olympics . Hosting the Olympic Games and Paralympic Games is an opportunity to bring about positive change on a massive scale.
The Games would not only add to the UK's nation's sporting heritage but will also celebrate the diversity of the capital. Throughout this essay I will thoroughly explore the benefits and drawbacks of hosting the Olympic games with evidence and conclude with how beneficial hosting the games actually was.
Firstly the benefits ; hosting the Olympics included a lot of tourism for the country, . AGRUMENTATIVE ESSAY Does holding the Olympic Games have benefits for the host country？ In recent years, the Olympic Games have developed into one of the most significant mega-international sporting events (Roche，).
Explain the benefits for a country hosting the Olympic Games. Many countries may want to hold the Olympic Games, because there are a great amount of benefits hosting the Olympic Games. The Olympic Games can be defined as the competitors being the best players going to country, which will host the Olympic Games.3/5(3).