Why Should A Country Want At Host The Summer Olympics?

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The world record in the 400 meters has been broken! The millions that watch the greatest sporting event in the world hopes to watch or hear 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 flush of municipal projects, big and small, that had long been on the wish list of city planners” (Jacobs, 2016). Why should a country want to host the summer Olympic games? Baade and Matheson (2016) believe three major categories of benefits exist: “the short-run benefits of tourist spending during the Games; the long-run benefits or the “Olympic legacy” which might include improvements in infrastructure and increased trade, foreign investment, or tourism after the Games; and intangible benefits such as the “feel-good effect” or civic pride”. In his closing remarks at the closing ceremony of the Rio Olympic Games, President of IOC, had this to say: History will talk about a Rio de Janeiro before and a much better Rio de Janeiro after the Olympic games. Indeed, a unique legacy will be left by these games to current and future generations of
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