The Olympics is a mega sport event which is presented once every four years and it has become a golden opportunity for hosts to emerge as a strong country. Hosting the Olympics is a big thing for every country and they receive worldwide attention from the preparation period until the actual event. However, hosting the Olympics comes with heavy stakes and experts tend to argue about the appropriateness for the countries to host it. There may be people who oppose with hosting the Olympics, however, the country rebranding, the economy hike and also the pride and patriotism of citizens just demonstrate the need of hosting the Olympics for the development of the country.
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 to $16 billion for Athens, $40 billion for Beijing, and close to $20 billion for London. There is only a small part from the money contributed are bound in building projects that might be useful in the near future. Although the country spends a fortune to host the Games, new infrastructures, modern sports facilities and transportation routes are built. These allow the country to bring in more visitors and also increase the monetary inflow. Herstein & Berger (2013, pp. 106) state that the belief about hosting Olympic Games will be an economic boost to the host city were not entirely true as most of them did not gain noticea...
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In conclusion, it actually does make sense to host the Olympic. 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 Olympics.
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