Essay about The Olympic Gamez in Rio de Janeiro

It is evident that hosting the Olympics games is no walk in the park. The countries trusted with this task have to spend billions to make the games a reality. Some people believe that the countries, even after spending billions of dollars benefit from the games, while others believe that the money can be spent elsewhere more efficiently. To reach a conclusion, one must study all of the different impacts in all of the different sectors the games have.

However, the economy recovered rapidly during 1968 to 1973 with averaging over 10 percent per annum. The GDP also increased at a rate above 5 percent per annum between 1974 and 1980, except for 1978 (see Exhibit 2). However, Brazil had incurred an extremely high level of indebtedness due to the support of this massive development program. The high interest rates on dollar funds and the unwillingness of foreign lenders to advance additional loans caused a deep economic recession in Brazil. Interest rates directly affect the credit market (loans) because higher interest rates make borrowing more costly. As a result, Brazilian government who aimed to balance the payment had to ask the International Monetary Fund (IMF) for funds.

The Olympic games were an athletic competition help in Greece around every four years from 776 B.C.E. In 776 B.C.E, the first olympics were held in Athens where many competitors clashed during the sporting events. The olympics then stopped in 393 C.E. due to Theodosius I’s orders on stopping the olympic events. Later during 1896, the modern olympics began to take place. The olympics were different from the ancient olympics in that the competition was shaped due to social, political, and economic reasons.

For More than two decades Brazil suffered badly from high inflation, economic decline, domestic and foreign debt. In 1993 country’s Inflation reached 30 percent a month and as a result the country wouldn’t sustain growth. After many unsuccessful plans to control the inflation, finally Real Plan of Fernando Henrique Cardoso, minister of finance, worked out and brought the inflation down to a single digit.

When a country is selected to host the Olympics, they prepare years in advance for the games. Many times new stadiums, housing complexes, and training facilities are built yet the games will only last a few weeks. Billions of dollars are poured into assembling all the necessary components for this giant event but many people argue that all the money being spent on this event could be used to better the nation. For example, when the Olympics were held in Athens, facilities were built from the ground up and looked amazing while in use. However, after the games ended, the venues were hardly used and were just a burden to the country. As a result, countless Greek citizens criticized the government for their poor use of money. To add insult to injury, the money gained from the games did not equal or surpass the money spent, resulting in more criticism from various people. Same situation with Brazil, many areas inside of this country are populated, poor, and rundown but the national government still decided to host the games. Billions of dollars were spent to ready the country instead of actually helping improve it for

Most nations are incapable and unqualified to host such a spectacle as the Olympic games. Every country and their presidents strive to mask their weaknesses and show their strength as an international power. The reasons why these peevish nations are bidding to host the Olympics are expressed through their belief and want to announce their arrival to the world stage. What they do not realize is the time and effort required into hosting such a demanding event. For example, in Rio Olympics Cause ‘Real Problems’ In Brazil, Mario Tama writes, “the popular leftist government that presided over its boom years, began to unravel, as if on cue for the big events”(Fortune International). Obviously, Brazil did not have the economic and political strength to survive hosting both the World Cup and Olympic games within two years of each other. It is imperative for the Olympic Games Board of Directors to perform better when deliberating between their choices of hosts. Most countries end of biting more than they can chew regardless of their economic

Unfortunately, the price tag, of well over $10 billion for the event, is adding to the already considerable strain on government budgets in Brazil. Faced with nasty recession, cuts in public services, and rising unemployment, bands of Brazilians, have turned out the protest, what is seen as wasteful spending and misallocation of resources on the Olympics. Throw in the growing threat of the Zika virus, and Brazil may end up with larger crowds of agitators protesting the government than of sports fans cheering on the athletes. Also they would get so much money from hosting the Olympics, along with that they would be better off money wise then before the Olympics were held

In 1896, the Olympic Games were officially reborn into the modern era thanks to a Frenchman named Baron Pierre de Coubertin (Lewis, 1992). In 1904, the Games of the III Olympiad arrived in the United States, marking itself as the first Olympics to be held in said country as well as the first hosted outside of Europe. Often forgotten, this specific Olympics also signifies the beginning of the horrible luck Chicago, Illinois, has had regarding the hosting rights. With four losses under its belt and a history of bad news, Chicago is frequently told—to no one’s surprise—that it should simply give up on its dream and focus on improving itself. However, who’s to say that the Jewel of the Midwest can’t do both? By incorporating a well-thought-out narrative of what the city has gone through into their appeal process, Chicago could very well win the bid next time around—whenever that might be. The city boasts an efficiently compact setting; a history and love of sports that entices amiable relations between residents; and an enthralling tale to tell. Overall, Chicago can use its need for a strong community to reach the top of the podium in the rigorous battle for host city status. A point often overlooked, the city technically won the hosting rights once.

Looking at Brazil, the Olympics are being held there this summer and could negatively be affected by the political issues. Though according to Shannon Sims of Forbes magazine, we see that other countries, like Mexico, have had political issues when they were hosting the Olympics; yet no real issues arose from these problems. Then, we see that both countries have seen a decrease in average growth rate; South Africa moving from “1.3%” to “.9%” in the last year (Political Unrest Backfires on South African Economy). Looking at Brazil we see a shift from almost 6% to “4%” in the last year

The Ancient Olympic Games celebrated culture and politics as much as athleticism. Examining the Ancient Games through these lenses reveals a contradiction between fostering national Greek unity and the rivalries between Greece’s many city-states. Every four years, tens of thousands of Greeks from hundreds of different city-states came together to compete against each other in sports but also to conduct politics and important business. On the one hand, the Games were grounded in religion and myth, something common to all Greeks across the empire. However, the focus on individual athletes and their victories necessarily served to divide the city-states as they fought for individual honors and prizes.

The original ancient Olympic Games can be followed back to 776 B.C although per Homer’s Iliad they may have existed as early as the twelfth century BC. The Games proceeded for twelve centuries and were devoted to Olympian deities. Olympia turned into the site of these memorable ancient Olympic games that scattered the seeds for the most desired global sporting events of current times, the Modern Olympics. The location of the Ancient Olympics is situated in the western piece of Peloponnese. As per Greek mythology, Peloponnese is the island of Pelops, the Founder of the Olympic Games. The Ancient Olympic Games were sustained until 393 A.D when Emperor Theodosius I of Rome discontinued them. There were not any Olympic games for fifteen hundred years before they were resurrected in 1896 in the city of Athens. The man in charge of its resurrection was a Frenchman named Baron Pierre de Coubertin, who introduced the thought in 1894. His innovative idea was to uncover the present-day Games in 1900 in his local Paris, however appoints from 34 nations were so captivated with the idea that they persuaded him to move the Games up to 1896 and have Athens serve as the main host.

<b>Introduction</b><br>Today, the Olympic Games are the world's largest pageant of athletic skill and competitive spirit. They are also displays of nationalism, commerce and politics. Well-known throughout the world the games have been used to promote understanding and friendship among nations, but have also been a hotbed of political disputes and boycotts. The Olympic games started thousands of years ago and lasted over a millennium.. The symbolic power of the Games lived on after their demise, and came to life again as the modern Olympic Games being revived in the last century. Both the modern and Ancient Olympics have close similarities in there purpose and in there problems. <br><br><b>Ancient Olympics</b><br>The ancient Olympics had

On the last day of the Rio de Janeiro Olympics, Kyle Snyder made both history and $250,000. He became the youngest American to win an Olympic wrestling gold medal, and USA Wrestling 's Living The Dream Medal Fund awards any wrestling gold medalist a quarter of a million dollars.

First of all, the first modern Olympics were held in Athens, Greece, in 1896. The man responsible for its rebirth was a Frenchman named Baron Pierre de Coubertin. Today, the Olympic Games are the world's largest pageant of athletic skill and competitive spirit.

Beads of sweat dripped down Tsunekazu Takeda 's forehead as he eagerly awaited the fate of his beloved city Tokyo. He glanced around nervously to his fellow committee members as they had their eyes deadlocked on the 70 year old president of the International Olympic Committee Jacques Rogge. The defeat in the previous biddings 4 years ago still lingered in everyone 's mind as a nervous chill ran down his back as he watched as Rogge was handed the envelop. All was silent in the room all expect for the words "The International committee has the honor of announcing the 32nd Olympia games in 2020 are awarded to the city of Tokyo." A sigh of relive follow by a huge cheer or excitement filled the room as the Tsunekazu and his fellow Japanese committee members bounced out of their seats applauding and waving their flag. They had failed to win the 2016 Olympic Games against Rio de Janeiro in 2009 but have redeemed themselves here in 2013 winning the 2020 Olympics. The minds of the Japanese Olympic committee were unanimous; they had done it, on September 7th 2013, after 50 years the summer Olympics have been brought back to japan once again. But the celebration was only temporary, like a sugar high that wouldn’t last; hosting the Olympic Games is not an easy task. Years of planning and preparation, venues, ceremonies, along with cost vs expenses budget control, public opinion, and fluctuating the economy are only the tip of the iceberg of their worries. Tokyo is