Does Holding the Olympic Games Have Benefits for the Host Country？

The Summer Olympic Games is the leading international sporting event in which thousands of athletes from around the world participate in a variety of competitions. According to existing historical manuscripts, the first ancient Olympic Games were celebrated in 776 BC in Olympia. They were dedicated to the Greek god Zeus and took place in the same place every four years. This four year period became known as an “Olympiad” (International Olympic Committee, 2012). The first modern games were held in…

cultural festivals. Special events are seen to have the ability to produce a wide range of significant economic and social benefits for communities and regions. In seeking to understand the field of special events, I took as a case study the Olympic Games mega-event. KEYWORDS: special events, Olympic games, mega-events, economic impact, investments INTRODUCTION The fundamental aim of this research is to measure the economic impact of the Olympics globally, regional and local. During the…

Literature Review The Olympic Games and the impact on the infrastructural development on the host country The Olympic Games is known today as the most visible and spectacular International Public Event. Over the last 20years, the Games have experienced unparalleled growth and universal popularity. The first modern Olympics held in Athens in 1896 attracted 311 athletes from 13 countries. In 2000, the Sydney Games involved 10,651 athletes from 199 countries, with ticket sales of 6.7 million and another…

records broken. Every four years we are captivated and in owe of the spectacle that is the summer Olympic Games. The host country is on full display with hopes of cashing in on a boost in tourism, advertising, etc. The summer games in Rio de Janeiro, was quite the spectacle and despite heavy criticism leading up to the summer games, according to the New York Times, “the 2016 Summer Olympics in Rio have profoundly altered the city of six million, yielding a revitalized port; a new subway line; and a…

What are the Olympics? The Olympics are a competition of the best athletes from all around the world. Every four years, thousands of competitors, supporters, and fans come together to compete or observe the games. For every Olympic Games a new host city is chosen. One reason the United States shouldn’t bid to host another Olympic Games is because tourism has many negative side effects. Also, hosting the Olympic Games costs too much money. Finally, the Games may lead to both national and international…

London. The IOC (International Olympic Committee) awarded the city of London the right to stage the 2012 summer Olympics after fighting off fierce competition (Adam, 2005). The bid for the games has always had loud political undertones that were obvious during the bidding process. Some of the arguments raised included the benefits and negative effects hosting the games could bring. This paper examines the economic benefits and costs of hosting the Olympics. The net benefits are found to be positive and…

for 2020 Olympic Games despite the European Debt Crisis.In fact, Spain has lost three opportunities for hosting the Olympics and expects to boost their floundering economy as well as providing more employment position through conducting the Olympics.The value of hosting Olympics has been extolled loudly by the candidate host country. Does holding the Olympic Games really bring benefits for the host country? It may be stated that hosting Olympics may increase the expenditure of host country and jeopardize…

The Olympic games originated in ancient Greece around the 8th century BC as a contest between city-states. The modern Olympics were re-started in 1896 by Baron Pierre de Coubertin as a competition between the best athletes from each country. Now countries and cities compete to host the Olympic games, which are held every 4 years, with winter and summer games alternating every two years. In submitting their bids the countries are required to show how hosting the games will deliver a positive economic…

When it comes to the Olympic Games, there is a lot of history behind it. The first Olympics were held in Olympia, Greece, and the games were played by elite athletes. The games went from 776 BC to 393 AD and stopped up until 1896 AD, when the games were held in Athens, Greece. The Olympics have become a great way for countries to show off some of the interesting aspects of their country. For a country to host the Olympics, they must go through a process. First, you must submit a bid to the IOC (International…

to keep fit. So, the most famous sports party the Olympic games become more important in people’s lives. The Olympic games will be held evey four years and people all over the world will enjoy the glamor of sports during that time. Then, who will host the next Olympic games becomes very important and many countires want to host the Olympic games. London will host the 2012 Olympic games. The issue of which it is good or bad to be the national host becomes a hot issue. Some people assert that there…