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/
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The rules that govern Olympic Games clearly indicate that no political propaganda and their demonstrations are not allowed in the Games. However, Olympics Games have faced political wars over the years. Governments fight one another for a chance to host the games. Some governments have used their chance to host to Olympic Games to advance their political and sometimes personal agendas. Hosting the Games should benefit the citizens and athletes economically. However, not all governments are concerned with benefits to their nationals when fighting for their chance to host the games. The games have become a stage for nations to prove their might and stability to other nations at the expense of their citizens. This
There are many factors that have shaped the cutting edge Olympic development from 1892 to 2002. The unique objective was to make a global group through games rivalry. Much like the Ancient amusements between Greek city-expresses, the recreations were made to advance solidarity. Be that as it may, as time passed numerous overall occasions, for example, the Cold War and ladies' suffrage adjusted the objectives of the Olympics. Political perspectives and developments started to shape the Olympics. Furthermore, economic increases and interests turned into an essential part of the Olympics. The cooperation of countries amid the twentieth century included patriotism, and additionally social, political, and economic purposes behind joining and taking
In the summer of 1996, Atlanta Georgia played host to the 23rd modern Olympic games. It was easily the greatest thing to happen to Atlanta in the 90's and there were many benefits brought its way as a result. Of all these benefits, the most significant ones were (1) the legacy of all the facilities built for the event, (2) the revitalization of the downtown area, (3) the exposure it gave to the city and (4) the economic benefits it gained as a result of all this.
We shall start with the positive externality. Hosting the Olympics in Boston would bring benefit to the construction crews in Boston. The Olympics is an international event that attracts immense amount of visitors. In 20012, the London Olympics has attracted 680,000 over sea visitors1. Since these visitors are from oversea, they will require temporary residence for their stay in Boston. Thus leading to an increase in need of Hotels and Restaurants. Apart from the stay, setting up temporary
The Games have always been an easy target for political protests, bitter disputes, and even acts of terrorism. The Games are no longer about sportsmanship and athletic competition, they are now about nationalism and whose country is the better country. The Olympics were "intended to unite the countries of the world through friendly competition. Unfortunately, since its founding, international feuds and disputes have found their way in to the Olympics" (Siggers 1).
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.
The Olympic Games are held every four years with the main intent to “promote people’s physical and psychological level, likewise to promote different country’s people, have more communication and to help maintaining world peace” (official website of Olympic movement). However, there are many risks in hosting the Olympic Games, for example the effects of an economic downturn after the closure of a host country’s
In conclusion, the modern Olympic Games have continued through many trying times and are able to connect the world on a level that can only be reached through the unity of the athletic events without the separation of race, color, gender, or political views. The ancient Games religiously based and modest, gradually growing larger and decreasing and value. The revival of the Olympic Games abandoned the religious aspect but increased importance and value while uniting the world. The Olympic Games are an outlet for all the countries of the world to take place in friendly competition and be a part of a bigger world while still demonstrating patriotism to their own country without considering their political views or crisis. As the world grows and evolves the Olympics will always remain an important aspect of the world we live in.
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
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
The following essay provides discussions of the scope and objectives of the London Olympic Games 2012, and identifies event major stakeholders. Work break-down structure, McKinsey 7S, PESTLE Model and other relevant planning techniques will be introduced to demonstrate project requirements such as infrastructures, financial, man-power, technologies, resources, risks management, operations, procedures and more. This essay will also point out the obstacles faced by the project manager during the preparations of the events, and provide solutions adopted that influenced project outcomes.
One may disagree that hosting Olympics is not worthwhile as it requires a city or a country to bring out an enormous sum of money for the preparation and planning of hosting the Olympics. Zimbalist (2012, pp. 116) says that the summer Games roughly generates a total of $5-$6 billion and almost half of it belongs to the International Olympic Committee. On the other hand, the cost of the games has increased roughly
Global events benefit regional, tourism and community development. Take for instance the Commonwealth Games and the Olympics. They both are events held globally that increase visitor’s expenditure and length of stay while improving destination awareness and increasing civic pride. Janecko, Mules and Ritchie (2002) explain events in small regional destinations are obviously beneficial and often play an important role in tourism development and thereby in regional development however, differ due to size and scale of the event. Global events create employment and increase labour supply, expenditures and even the standard of living. ‘As local economics have adapted to changing to global dynamics, the hosting of international events has become more commonplace and can play a significant role in local development, acting as a catalysts for jo...
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.