effects of olympics

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Olympics
Hosting the Olympics has both positive and negative effects. In a short term base the effects are mostly negative because there is a good deal of beforehand expenditures like security and infrastructure. Spending could fall because the locals stay away from restaurants and other entertainment spots to avoid crowds. The positive effects tend to come over long term basis. Items like new constructions and improved transportation are great advantages of hosting the Olympics. Although the new constructions are great additions, it is disreputably challenging to find longer term uses for Olympic facilities. For example the Birds Nest Stadium in Beijing is largely unused now. Hosting the Olympics also comes along with wasted spending. The additional jobs created by the projects would not lead to longer term employment because there is no follow on work. Construction spending weakens the currency if companies are obliged to import machinery or materials.
Countries would like to host Olympics because it has a positive impact on national exports. These exports become robust, permanent, and large; trade is around 30% higher for countries that have hosted the Olympics. Hosting the Olympics improves ¬¬transportation systems, employment rates, economic security and so much more. It also helps advertize the benefits of the host city, raising the public’s interest in future tourism. That future revenue would be generated in travel costs, hotel accommodation, restaurant patronage, taxi fares, and other tourist’s attractions.
Hosting the Olympic Games also has an impact on the stock market. It raises the international profile of the host country. Investments that are made before the Olympics (security, construction, expenditures) offer p...

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...in economy. Summer Olympics also receives more airtime compared to the winter Olympic Games, which leads to an increase in advertisement and results in more money made.

I would choose my country to be the next host of the summer Olympic Games. Although it seems like hosting the Olympics for short term has negative effects, it also has benefits for the host country. Right now Nigeria has stereo-typed as a bad nation, and this critique comes from people who have never gone into the nation but have only heard about it from either the news or other people. But when the Olympics are hosted in Nigeria, and many people come and see the nation, there will be a completely different view of the country. Apart from Nigeria getting a higher international profile, transportation (which is currently being worked on) will improve, and there will be more employment opportunities.

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