Is hosting the Olympic Games bring any benefit to the host countries?

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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 ... http:

In this essay, the author

  • Opines that the olympics could bring positive economic and cultural benefits to the selected countries to host it.
  • Explains that hosting the olympics could benefit the host country's economic and cultural benefits.
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