The economic cost faced by the locals do not stop here; during the Olympics inflation rates are observed to become high in host cities making it difficult for locals to afford most goods and services. On the overall, the host country does not necessarily benefit from tourist influx due to Olympics as the other tourists planning to visit these locations are turned away due to the crowding of the host city. "According to The Economist, Beijing and London both attracted fewer visitors during their summer Olympics in 2008 and 2012 respectively than they had in the same period a year earlier" (McArdle). Therefore, it can be observed that the host eventually loses economically making it non-viable to have different Olympic site every
Even though cities bid millions to host the Olympics, hosting the Olympics produces negative impacts on the overall economy, the development of the city, and the environment of the host city and its surrounding areas; thus, all these effects indicate that the Olympics may not be worth hosting. The Olympics almost always cause negative economic effects for cities. Although cities expect to earn revenue through the Olympics, not many cities generate a substantial amount of revenue. Los Angeles, the host city of the 1984 Olympics, is a rare example of a city profiting from the Olympics: “Los Angeles actually profited by $100 million from the 1984 Summer Olympics mostly by using existing stadiums” (Perryman 17). That city did generate money, but cities
Throughout the years, different countries have organized the events for the universal game. From hosting, there are three considerable cons to hosting the Olympics in your country. The consequence of these controversies damages the country economically. The development of the Olympics have advanced traumatically since first the modern day game held in 1896. A copious amount of wealth have been invested into previous games.
The stage in which the Olympics are held is the perfect catalyst for a country to demonstrate their abilities and nationalistic fervor, which can lead nations to acts of propaganda and political influence. This was seen through many stages in its history, especially during times of war as demonstrated during the early and late 20th century with the Second World War and the Cold War. With such a large stage and almost a third of the world watching the events, nations take this advantage to showcase their
Are major sporting events like the Olympic Games a waste of money? Are the Olympic Games a waste of money? The Olympic Games are an international event where athletes from every country come together to compete. Many fans and spectators attend this event to cheer for their country. The number of spectators keeps on increasing every four years as the event gets more popular.
The Olympic Games have served as a source of entertainment for centuries. The people are encouraged to take action and participate in these Games, after undergoing special training. Most of them find pride in representing their country, but the main objective is to be the best in the world, or at least one of the best. But not every country is able to participate, countries that don’t have a stable economy or countries that are in war don’t take part in the Olympics. Some countries often view themselves superior to other countries within the Olympics, but it sometimes leads to political superiority.
The Olympic Society The Olympic Games are one of the most watched sporting events in the history of the world. It brings in athletes from all different countries and nations who interact by each other in their own little society by bringing in all of the nations people together, showing people how they interact with people who aren 't even of their culture, by cultural diffusion taking place from people learning about other cultures and also socialization taking place not only with the athletes but also with all of the spectators that come to watch the olympics. This event has become apart of people 's lives every 4 years when the games come around. People from all over the world love to watch the games and even go to the games if they
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).
There is a successful partnership between Special Olympics and schools. The majority of athletes become involved in Special Olympics through programs organized through a special school, throughout their involvement in Special Olympics, athletes take advantage of the variety of individual and team sports offered through the movement and participate in multiple sports, Special Olympics athletes become involved because their program is a school-organized activity and they participate because they value the opportunity to be fit and physically active and because they enjoy playing sports. This finding is especially significant because these are some of the same reasons that athletes without disabilities participate in sports, the benefits of participation in Special Olympics are substantial for its athletes. There is strong consensus between family members, coaches, and the athletes themselves that there is significant improvement in athletes’ sense of self, social skills, and relationships with others as a result of their participation in Special