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 these events are usually a great honor to the selected countries and bring a lot of favorable consequences with it. However, no one realized that whenever these big sporting events occur and are hosted, brings as much negative consequences which counterbalances all the good things that comes with it. So, the question remains, is the Olympics a Cash Cow or a Money Pit to the hosting countries? In my opinion, the Olympics could actually bring more benefit that loss to the selected countries to host it, which are to bring positive economic and cultural benefits, either a Legacy or a Money pit for the hosting countries, hosting this event could promote development for the educational legacy and finally eradicating poverty throughout the citizens. Firstly, being the host of a major sporting event such as the Olympics could actually benefit the hosting countries’ economic and cultural benefits of the Olympics. The Olympics have a very wide reach in this modern day with. This is a plus especially with the existence of today’s social media and the Internet. In the economic side, it could actually be a very powerful marketing and publishing tool for the host country. With all the present technology that is available nowadays, it actually is a good way to promote a certain country to the world. This eventually increase the economic level of the country that is hosting it, as they will receive visitors from all over the world and they will eventually spend their money to the host countries, thus improving their economics. Winbey (2014) states that the 1984 Los Angeles Olympics are somet... ... middle of paper ... ...sh-cow-or-money-pit-7403 http://www.theatlanticcities.com/politics/2012/07/why-hosting-olympics-bad-cities/2689/ http://epress.lib.uts.edu.au/research/bitstream/handle/10453/19780/Impact%202005_5.pdf?seq http://qed.econ.queensu.ca/working_papers/papers/qed_wp_1097.pdf http://news.nationalgeographic.com/news/2014/02/140221-olympics-sochi-rio-de-janeiro-london-boris-johnson-montreal-athens-world/ http://www.studymode.com/essays/Benefits-To-The-Uk-Of-Hosting-614340.html http://www.theatlantic.com/business/archive/2012/07/3-reasons-why-hosting-the-olympics-is-a-losers-game/260111/ http://www.debate.org/opinions/is-hosting-the-olympics-a-net-benefit-for-the-host-city http://www.studymode.com/essays/Benefits-To-The-Uk-Of-Hosting-614340.html http:http://blog.skepticallibertarian.com/2014/03/03/olympic-style-waste-why-america-should-stop-bidding-for-the-olympics/
The Reasons Behind the Increasing Commercialism of the Olympic Games The Olympic Games is a world wide event, held once every 4 years. It is the most important event amongst the elite athletes of today. It is viewed on television by billions of people across the world, by satellite transmission (started in Tokyo in 1964). This worldwide viewing attracted sponsors as they realised that by supporting the Olympics their product would be advertised on every product sold, as they would be the 'official sponsor'. The advances in technology has played a fundamental role in the increase in commercialism, as large sums of money are put forwards for television rights over the Games from companies such as Sky, the BBC and ABC.
In the past the Olympic games were used as a way for the Greeks to honor their gods. Today the games are not an honoring but more of a social gathering. What’s great about the games today is that everyone has equal opportunity to compete. No matter your gender, size, ethnicity, or wealth, all you have to do is work hard and
Therefore, today I am going to persuade you as to why they should keep the Summer Olympics in Rio. First off, health inspectors are eliminating bodies of water where mosquitoes trying to reproduce could be found (LaGrave). Brazil has also stated they will clean up Rio?s body of water where athletes will be competing. There have been rumors about moving the water games during the Olympics further out into the ocean where the water will be cleaner (Khazan). Hosting the Olympics will cost Brazil more than $13 billion (La Grave).
Billions of dollars are spent by millions of people watching these events and expecting greatness from their school’s athletes. People give little thought to why they paid group A for group B’s talent. Athletes do not have time to give the people greatness and earn money in another fashion while maintaining a high academic profile. Athletes are seen more than any other person on any given campus. Athletes are being exploited. Running out of time is one thing, but running out of money to feed yourself and purchase necessities is much different. Major college athletes are running out of everything and there is a simple solution, pay
The sports industry is a very big business that contributes great amounts to the economy in terms of turnover, taxes and jobs. The sports industry has an economic cycle. So it depends on different parts of the year to hold big events. The benefits to be gained are that local communities as suppliers of services and goods obtain increased business.
...rts across the world. Back in ancient times, no athlete became recognized, there were no sponsors, and it did not benefit your life as much as it does today being a professional athlete. Being an Olympic trainer or athlete takes hard work and dedication to be an Olympic participant. In ancient times, people could be amateurs and still participate in an event while today, being an athlete determines your career or your future. If you are a phenomenal athlete in any type of sport, worldwide sponsors will notice you and that basically starts you whole career. If an athlete is fluently good in what he does best, he or she will start getting paid a lot of money for commercials, interviews, shows, and products. When an athlete starts making enough money in the Olympics, he or she can start his or her own business, which leads you to know what your future will be like.
The Olympic Games are the leading worldwide sport event that held every 4 years, featuring thousands of international athletes from more than 200 nations participating in a variety of sports competitions. Although the Games are about winning the sports competitions, they also provide a platform for the nations throughout the world to learn different cultures and share uniqueness. The Games are important, and have to be held because they transmit a message of friendship and peaceful between nations.
Hosting the Olympics comes with many perks for such as, prestige, the creation of new facilities and countless amounts of benefits. With so many things the Olympics has to offer, there can be numerous reasons why countries compete to be elected as the hosting country for the Olympics. The most common reason countries want to host the Olympic is because of its potential ability to improve the country’s economy significantly. With the entire world participating in the Olympics, the hosting country can market...
The Olympic Games plays a significant role in the world. The relationship between it and host countries is important to investigate for comprehending cultural studies. According to Xu and Kirby (2008), the Olympic Games has a considerable impact on the expression of national identity. For example, London applied this approach to promote its national identity. This can be discovered from the BBC video called James Bond escorts The Queen to the opening ceremony in 2012 (2012): an amiable identity is perceived by the audience through presenting corgi at Buckingham Palace. Moreover, China is no exception. There is an image about the opening ceremony of the 2008 Olympics, it shows a spectacular drumming performance. In addition, an article about
The organizer have been missing a great opportunity to celebrate their games and enjoy the festivities because masses of cheering fans and Olympics revelers would help present their country in the possible light, as the games are being televised to an estimated worldwide audience of more than 4 billion.
They affect politics, money, and businesses. It is often said that sport and politics are two aspects of our society that have nothing in common. Yet the history of the Olympic movement has provided several examples of how they influence one another, directly and indirectly. An example of sports affecting political directly is after years of boycotting, the Olympics in Barcelona brought together athletes form around the world. This problem was about Nelson Mandela and the racial discrimination. The most recent incident is the Russians getting banned from the 2018 Winter Olympics. The Russian government was helping the teams cheat by providing performance enhancing drugs, then the government covering it up from them. The Olympic Committee found out and ejected them form the upcoming
Since the first Olympic Games in 1896 winning the Olympics meant more than just a medal, it showed the power that the winning country possesses. Although the Olympics are meant to show peaceful amiability between all counties, geopolitics is still a factor in the Olympics. The International Olympic Committee President states “sport can only contribute to development and peace if it’s not used as a stage for political contest, have the courage to address your disagreements in a peaceful direct political dialogue and not on the backs of athletes.” Many historians ask if geopolitics was a factor in the Olympics during the Cold War era. The answer isn’t an opinion; geopolitics has never been absent in the Olympics and that is especially true for the Cold War. The Cold War was a battle for political power that will dominates the rest of the world. The idea that this was a battle for power explains the arms race, Korean War, Vietnam War and the Soviet Union’s invasion of Afghanistan. Logically, this need to upstage the opposing super power leaked into international sports competition. With all this competition whirling around during the Cold War, the Olympics became a literal race against communism or democracy. As geopolitics played such a major role in the Olympics during the Cold War era, athletes’ fates were ultimately altered.
We are able to see that hosting the Olympics plays an important role in the development of a country. Despite having a number of valid reasons to oppose the hosting of Olympics, we are able to reap more long-term benefits. Rebranding the country to make it outstanding enough to attract tourist and boost tourism head on. For this reason, it brings in more income for the country and creates more job opportunities in the tourism sector. This would indirectly create job chances in industrial sector. Unemployment rate goes down significantly which are able to attract more people towards the country. Citizens will be more patriotic and not wanting to leave the country. There is so much potential for a country to improve themselves, with all being said, I couldn’t disagree with hosting the
The Olympic Games. The biggest international sports competition in which the worlds’ best athletes compete from all around the world to win medals for their countries. The Olympics have been a worldwide tradition since the eighth century BC, but it has hardly benefited us as a species. Every time we have the Games, our resources are abused in order to create the Olympics we desire. Huge amounts of money are used to build venues and make medals, only leading up to the countries who host the Games going into debt afterwards. There are only rare cases in which the countries earn money from hosting the Olympics, but most of the time the debt that they get themselves into take years, or even decades to pay off. You might ask yourself, why do we even host the Olympics, if it has these huge disadvantages? The answer is because we want pride for our countries, no matter how temporary it is. Knowing this, we can safely say, that the Olympic Games do not help us grow as a species.
Introduction Today, the Olympic Games are the world's largest pageant of athletic skill and competitive spirit. They are also displays of nationalism, commerce and politics. Well-known throughout the world the games have been used to promote understanding and friendship among nations, but have also been a hotbed of political disputes and boycotts. The Olympic games started thousands of years ago and lasted over a millennium.. The symbolic power of the Games lived on after their demise, and came to life again as the modern Olympic Games being revived in the last century. Both the modern and Ancient Olympics have close similarities in there purpose and in there problems.