Economic Impact Of The Olympic Games Essay
A Critical Analysis of the
Socioeconomic Impact of The Olympic Games
Introduction:
The Olympic Games are one of the best examples of a global sporting mega-event. It is often stated that the hosting of the Olympic Games bring about many benefits to the host country, and some countries make huge efforts to bid for hosting the Olympic Games. However, in recent years, countries are not as willing to bid for the chance to host the Olympics, and this occurs as people continue to debate the exact impacts of the Olympic Games. So what exactly are the economic and social impacts of the Olympic Games? Should a country choose to host the Olympic Games if given the opportunity to do so? These are the main questions that this paper will discuss and answer.
Economic Impact:
In this paper, the economic impacts of the Olympic Games will be addressed by analyzing the impacts of the government spending, the explicit cost benefits during the event, and the long-term effects of hosting the Olympics.
Government spending and expenditure
The modern Olympic Games, especially in present times, have been extremely costly. The London 2012 Summer Olympics cost a total of $15 billion (Vaccaro, 2015), the Beijing 2008 Summer Olympics costed at least $40 billion (Riley, 2015), and the Sochi Winter Olympics totaled $55 billion, around four times the amount proposed at the time of bidding at $12.5 billion (Muller, 2014). Most of this money went into development of infrastructure, and building of sports
Oakbend Senior High School Case Summary
1468 Words | 6 PagesAthletic Director Bob Marcus has quite the challenge in allocating the athletic department funds appropriately throughout all the programs within Oakbend Senior High School. After critically analyzing the case study it was quite clear some sports such as football and girls basketball received much more funding compared to other sports such as cross country and track and field. Throughout this case brief an effective solution that is both fair and in line with the districts mission will be expanded on to assist Bob Marcus is making the necessary budget cuts to provide a successful athletic program in the future. Marcus needs to cut about $80,000 from the previous budget plan to accommodate the funding cuts made by the school.
Case Study: College Varsity Athletes Should Be Paid
356 Words | 2 PagesCollege Varsity Athletes Should be Paid In this paper, I argue that college varsity athletes should be paid for playing sports that bring in revenue. In particular, College football and basketball because they bring in the majority of the revenue for the schools. The revenue accomplished by college sports programs continues to increase, due to the growth in interest of the NCAA basketball tournament and the college football playoffs (Berry III, Page 270). Throughout the past few years, one of the main topics debated in college sports is whether or not the athletes should be paid.
Is Our Economy David Brooks Rhetorical Analysis
528 Words | 3 PagesBy David Brooks provides why our economy is just as dominant compared to our athletes. The persuasive article educates the American people when Brooks uses examples of logos, rhetorical question, and tone to explain how our economy is thriving similarly to our Olympic athletes who are bringing home the gold. Brooks begins his persuasive essay comparing Olympic success to the United States economy using the rhetorical device logos to justify his main claim that America’s economy is as strong as our Olympians training facilities. He uses persuasion skills like logos to gain trust from the audience “But America’s success is like our Olympic success, writ large,” (Brooks 8). Brooks adds onto that thought “In fact, American succeeds in global trade about as well as the Olympics,” (Brooks 14).
How Has The Olympic Games Changed Over Time?
477 Words | 2 PagesThe Olympics have bee The olympic games were held and when time passed by the olympic games changed and they became different. When the Olympic games were held only unmarried men were allowed to join. Over time the games became more political and people started competing for rewards then honor. Over time that started to be a problem because countries started paying people to represent them. People started to bribe the judges as well and then that would be unfair because they would get a better score than everyone else.
Wrestling Persuasive Essay
1008 Words | 5 PagesThe Olympic committee attempting to take the sport out of the 2020 Olympic Games. Taking the sport of wrestling out of the Games makes no sense because it was the first competitive sport to be introduced into the Olympics in 708 B.C. (citation) Discharging it from the Olympic Games would be a major setback to the event by losing a huge amount of its supporters. The reason for this sport almost being removed from the Olympics is due to the committee trying to revolutionize the Games and make it more appealing with more “modern” sports. The sport of wrestling has adapted to today’s society very well. If wrestling had not been elected to stay in the Olympics, it would have caused for a quick demise of the sport.
Olympic Games And Pythian Games
296 Words | 2 PagesAn example of a modern world connection of which relates back to Delphi is the Olympics since the modern day Olympics are a multi sport event taking place every fourth year. A huge range of sports are offered in the modern day Olympics from Swimming to volleyball etc. Olympics in the past were known as the Pythian games. The Pythian Games lasted 6 to 8 days and included not only sports but also music, poetry and drama contests and also played every 4 years. The Pythian Games were the predecessor to the Olympic Games.
How Did Toronto Benefit The Olympics?
821 Words | 4 PagesIn both situations, they got to work on the infrastructure, so why not spend a little more and host the Olympics as well. It will be a long-term investment. Transportation and roads in Toronto will be upgraded, if the Olympics were to be held. Also, this will bring in tourism money in Toronto as people around the world will see the scenic views of Toronto. This will make dumb want to visit Toronto.
Why Athletes Go Broke Essay
1391 Words | 6 PagesWhy Professional Athletes Go Broke? Young athlete’s main goal to attain is to become a professional athlete. Many want to become a professional athlete due to the money, others for the love of the particular sport that they are interested in. There is a downside in becoming a professional athlete, that many young players are not aware of.
Has Money Ruined Sports Essay
1488 Words | 6 PagesJames Hadzic Mr. Martin English 11 13 May, 2023 Has Money already Ruined Sports? Has Money Ruined sports? Well sports is one of the biggest industries in the world. “ It has an estimated worldwide value of over $500 billion dollars in contracts, memorabilia, sponsorships, stadiums, apparel and other items related to the sport/team.” in 2022 according to statista Sports industry revenue worldwide in 2021, with a forecast for 2022 and 2026.
Olympic Games A Waste Of Money
771 Words | 4 PagesOne could say it’s from the public while others says it’s from sponsors. According to “The Guardian” both of these statements are correct. In the 2012 London Games the money came from the central government (which involves taxes paid by the population and organizations), sponsorships from around the world, national lottery, the International Olympic Community, and TV broadcast rights. Hence it is understandable that the population is questioning, whether the taxes paid are used in an economic matter, because if it is not used economically, then clearly it would be a waste of
Japanese Tourism Impact
833 Words | 4 PagesFrom the above chart, it can be assumed that hosting an international event such as Olympic Games leads a country’s medium to long term commitment to greater international openness and, hence, there is the expectations for the economy growth. As being said, it is highly likely that hosting the Tokyo Olympics, together with a new policy support will have positive effects on the Japanese economy. The reason behind the success of 1964 Tokyo Olympic will be discussed in case study in detail. Positive Impact on Japan’s Tourism “The main goal of developing tourism industry in a community is maximizing selected positive impacts while minimizing potential negative impacts” (Rose & Spiegel, 2011). Therefore, it is essential to identify the possible impacts.
Compare And Contrast American And Olympic Games Essay
585 Words | 3 PagesTo gain a better understanding of how the Olympic and Paralympic games affect and are affected by the host nation I am going to compare and contrast the London games to the 2008 Chinese games and the upcoming Brazilian games.
Explain The Five Social Economic Conditions In Sports
303 Words | 2 Pages1.Based on the five social economic conditions market, potential spectators, expensive, large amount of Capital and lifestyle, commercial growth has a major influence towards the teams and its popularity. Media coverage includes television and camera coverage for the teams for the audience including the spectators. Camera coverage opens up a different can than television coverage. This coverage allows you to get plays first look and second look of things happening in the game. Television coverage not some much of the same first looks at the plays inside of a game but also behind the scenes of players, owners, sponsors and etc.
Importance Of Sports Journalism
2022 Words | 9 PagesSince the 1990s, the growing importance of sport, its impact as a global business and the huge amounts of money involved in the staging of events such as the Olympic Games and football World Cups, has also attracted the attention of investigative journalists. The
The Importance Of Money In Sports
3478 Words | 14 PagesWhat is the Relationship Between the Amount of Money a Team is Able to Spend and Their Position in the English Premier League? Rationale For my mathematical exploration I decided to base it around the topic of sports. While looking for a topic, sport stood out to me, as it has been a passion of mine ever since I was younger. I have also never thought about the significance of mathematics in sport other than in player statistics.
More about Economic Impact Of The Olympic Games Essay
Oakbend Senior High School Case Summary
1468 Words | 6 PagesCase Study: College Varsity Athletes Should Be Paid
356 Words | 2 PagesIs Our Economy David Brooks Rhetorical Analysis
528 Words | 3 PagesHow Has The Olympic Games Changed Over Time?
477 Words | 2 PagesWrestling Persuasive Essay
1008 Words | 5 PagesOlympic Games And Pythian Games
296 Words | 2 PagesHow Did Toronto Benefit The Olympics?
821 Words | 4 PagesWhy Athletes Go Broke Essay
1391 Words | 6 PagesHas Money Ruined Sports Essay
1488 Words | 6 PagesOlympic Games A Waste Of Money
771 Words | 4 PagesJapanese Tourism Impact
833 Words | 4 PagesCompare And Contrast American And Olympic Games Essay
585 Words | 3 PagesExplain The Five Social Economic Conditions In Sports
303 Words | 2 PagesImportance Of Sports Journalism
2022 Words | 9 PagesThe Importance Of Money In Sports
3478 Words | 14 Pages