Welcome everyone, Today I will going to talk about three major world class sport in 2014. And I will analyze cost and benefits to tell your investment this world class sport has more benefits than cost. Lot of people say the World class sport is a ‘one-off’ sporting. Even the world class sport is a one-time event, most of positive impacts will be continue. In fact, even the investments have been concluded, the positive impacts will remain. The three of the world class sport in 2014, they will have a huge impact on its society.
The world class sport will help the host country GDP increase, for example, In Glasgow, the Commonwealth Games be able helped keep the city moving and increase GDP through a difficult economic period（Glasgow City Council）. And The World Cup’s direct impact on the Brazil GDP is estimated at R$ 64.5 billion, we can see the table, the mostly benefiting from the world cup will be construction, food and beverage, business services, utilities and information services. all these areas will increase by R$ 57.217 billion and the latter an further R$ 4.4 billion, And civil construction also will achieve an additional R$ 8.14 billion（Ernest and Young）.
The world class sport also can help the host country to increase the country's image. Thus increase exports and inward investment. In Glasgow the Commonwealth Game fascinate a lot of developers and investors. And Glasgow are now ushering in a new era in development of infrastructure, sporting facilities and housing all over the city. Moreover build a new road also will bring economic interests through improved transport links to the city, stimulate local business growth, employment opportunities and make Glasgow even more attractive to investors.（Clydewaterfront）.
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...of it on: Food, housing, entertainment, shopping etc. and save some of it. So the people who work in Restaurants, Shops, and Housing etc. this areas find their income has increased. and they therefore spend more on Restaurants, Shops, Housing etc. And so it goes on…. So the initial spending has brought about spending far in excess number of investments.
Considering the cost benefit analysis and consider social as well as private costs and benefits The Games has more benefits than cost. The Games have not only boosted the development of host country, and also development of tourism, with high quality sports infrastructure, but are also having a positive impact on the social and economic in the host country
However, the situation is changing, we should be a long-term plan to invest in this Games to ensure the long-term benefits not just thinking the one-time effect
Brazil is bound to host in a two-year span the largest sport events in the World, The 2014 Soccer World Cup and The Olympic games in 2016. The country will attract a lot of investors looking for some brand exposure since the whole world will have their eyes turned to this tropical country. These events present opportunities for Brazil to benefit from tourism and prove to the world that it is ready to take its place as an important piece of global governance. Although Brazil has a flourishing economy, it still has many characteristics of a third world country. Social issues remain present in the country’s politics. There are several concerns regarding the capability of an emerging country to host events with that stature.
Brazil is not only one of the fastest growing economic markets in the world but it also has a very rich history of sport. Soccer has dominated the country as the most popular sport by a long shot. So much so that many businesses shut down operations hours before national matches in order for their employees to prepare for their team’s game(Brazil.org). Other sports that are popular in Brazil are martial arts, footvolley (a combination of soccer and volleyball), tennis, basketball, motorsport, volleyball, and rugby. Brazilians are hungry for sports. In the summer of 2014, the FIFA World Cup will be held in Brazil, the second time ever hosting the tournament.
Brazil is both the largest and most populous country in South America. It is the 5th largest country worldwide in terms of both area (more than 8.5 Mio. km2 ) and habitants (appr. 190 million). The largest city is Sao Paulo which is simultaneously the country's capital; official language is Portuguese. According to the WorldBank classification for countries, Brazil - with a GDP of 1,5 bn. US $ in 2005 and a per capita GPD of appr. 8.500 US - can be considered as an upper middle income country and therefore classified as an industrializing country, aligned with the classification as one of the big emerging markets (BEM) next to Argentina and Mexico. Per capita income is constantly increasing as well as literacy rate (current illiteracy rate 8%). Due to its high population rate (large labour pool), its vast natural resources and its geographical position in the centre of South America, it bears enormous growth potential in the near future. Aligned with an increasing currency stability, international companies have heavily invested in Brazil during the past decade. According to CIA World Factbook, Brazil has the 11th largest PPP in 2004 worldwide and today has a well established middle income economy with wide variations in levels of development. Thus, today Brazil is South America's leading economic power and a regional leader.
How many of you know that the Summer Olympics are in Rio this year? What has been happening to Brazil will possibly serve as a lesson to other countries wanting to host the Olympics (Navarro-Garcia). The 2016 Summer Olympics are expected to bring in around 500,000 people to Brazil (?Zika concerns mount?). There is still many problems occurring in Rio right now, from the Zika virus, to polluted waters and also a breaking economy. ?President Obama has asked congress for $1.8 billion in emergency funding for this epidemic? (Ford). The cost of moving the Olympics this late in the year would hurt Brazil?s economy tremendously. They?ve already invested millions of dollars into these games. Therefore,
Some early studies has show that rule and travel factors will effect the athlete performance. But we do not know much about the crowd factor. Considering how the crow factor will effect the athlete performance, and is or not the crowd is able to raise the performance of the home competitors. a study was executed to determine how the crowd important in the game. After the analysis, the courneya and carron（Alan, &Roger, 1999), found that the magnitude of home advantage within each sport is consistent and has remained relatively stable over time. They also found that the crowd factors have a big effect more than rule factor, but less than travel factors for the athlete compare to precious study. Because traveling to other country may have many environment factors. The home team is much adaptive to the weather conditions. And there have another Research
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.
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...
Starting with the Los Angeles Olympics of 1984, the United States creatively combined the Olympic games with commerce, and the concept of regarding the economic impact of hosting the Olympic games was first introduced. It was a valuable chance for the host city to take the advantage of international influence and business opportunities generated from the Olympics, improving the international standing and prestige and boost the local and national economic development. With the aim of presenting a democratic, open, civilized, friendly, and harmonious China to the world, the Chinese government invested nearly $40 billon infrastructure construction from 2002 to 2006, which made Beijing
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
Along with new money comes the ability to spend it. The Industrial class did exactly that, using their newly acquired
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.
While sports for the spectators are merely entertainment, the economics of the industry are what drives businesses to become involved. Sports have become more of a business entity rather than an entertainment industry due to the strong economic perception of the over all industry. There are several instances in which economics may contribute to the effect on the sports industry, such as: the success of a team, the price of a ticket, the amount of money an athlete will make, and the amount of profit a team will make. The success of an...
Every two years the Olympic Games take place on the world’s stage. People are mesmerized as they cheer on their home team. Whether it be the summer or winter games, for two weeks, biannually, people are inundated with the games. But, many may fail to realize the competition and game behind the Games. This is the never ceasing game of the bidding process and subsequent creation and construction of new Olympic venues as newly selected host cities prepare for their opportunity to host the Olympics. But this little known game has only a few select winners, and their prize is not a medal, rather it is huge financial gains. The losers are many, and they are the most vulnerable inhabitants of the city, the poor; they are not simply losing out on a medal, they are losing their homes.
If Brazil can take advantage of these strengths then they will be able to continue the growth they have been enjoying over recent years. The country have enough oil and gas reserves to make Brazil self-sustaining, with some to spare which can be sold abroad. Another strength Brazil have is the fact they actually have more fresh water than any other country in the world. As climate change will soon become to make water scarcer than ever before, and this will in turn make Brazil an extremely attractive prospect for people wanting to either invest or live there. The World Cup this summer was a tremendous success and this tournament, along with the build up to the Olympics that will take place in Brazil in 2016, has massively improved and is continually improving the basic physical and organisational infrastructure whilst attracting major international investors into the country. Hosting the Olympics isn’t generally a profitable investment due to the massive expenditures required throughout the tournament, however, the event like the World Cup, will give the country a massive global
The commercialization of sports is illustrated by the amount of money that is involved in sport. Stakeholders in the sector are using lots of money to improve their performances with an objective of making profit. Sport has changed its form and dimension and longer only a source of entertainment, but a...