Major Sporting Events and Their Effect on the Regional and National Economies
The term 'economic impact' used in isolation is interpreted in
different ways in both short and long term. Therefore, UK sport has
adapted the following definition within its major events strategy:
'The net economic change in a host community that results from
spending attributes to a sports event or facility'. (Turco and Kelsey
1992)
I will look at how Major Sporting events within the U.K; boost the
local, regional and national economy. I will use examples of sporting
events held within the U.K and assess whether or not they have been
beneficial to the local, regional and national areas
Stimulate and reinforce sports development
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[IMAGE]Employment impacts Investment in infrastructure
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[IMAGE][IMAGE] Showcasing Britain across the world Establish trade and
investment
links between regions in the country
Transport links improved
Developing cultural and artistic programmes
Global Event (2012 London Olympic bid)
National (Manchester Commonwealth games)
One-Off (F.A Cup Final, Millennium Stadium)
Advantages
Advantages
Advantages
Regeneration and New housing
Employment - 9,000 full time jobs, Businesses will relocate for games
Boost to the convention industry
New facilities
Increased tourism
Economic benefits
Improved infrastructure
Enhancing regeneration in Manchester and the North West region
Improved road networks - Bus networks improved for travelling fans
Relocation of businesses near the vicinity of
the stadium
Inevitably hosting a major sporting event within the U.K will have an
economic impact, although the event needs planning and investment
incorporated with the hosting of the games for it to be beneficial to
the area. Games such as the 2002 Manchester Commonwealth games, the
IAAF Birmingham games and the 2012 London Olympic bid have all had a
major economic impact on a local, regional and national scale.
Sporting events such as these are extremely diverse from events such
as the F.A Cup final and the 6 Nations tournament, as they are a
Siegfried, J., & Zimbalist, A. (2000). The economics of sports facilities and their communities. The Journal of Economic Perspectives, , 95-114.
...the citizens of the city socially. It will provide a great night life, as well as other entertainment venues that can be brought in for use of the stadium. However to sell a stadium in a city by claiming economic benefits involves many risks, it will most likely not benefit the city and its people to have a sports team in your city.
Noll, Roger, and Zimbalist, Andrew. Sports, Jobs, and Taxes: The Economic Impact of Sports Teams and Stadiums. Brooking institutions press, Summer 1997. Vol. 15 No. 3.
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The Cold War of the 20th century is seen by many to be a war fought in order to spread the ideologies of the world’s two major powers, the Soviet Union and the United States. In order to successfully spread their communist ideals, the Soviet Union had to show to the world that their system was working better than the capitalist ideals of the West and the United States. In their attempt to do so, the Soviet Union used various methods of propaganda and persuasion to convince the outside world that their economy and people were flourishing under their communist system. One of these methods was through international sport. The Soviets built strong sports programs, mainly their prized hockey team and Olympic program, to assert their world power
The following essay provides discussions of the scope and objectives of the London Olympic Games 2012, and identifies event major stakeholders. Work break-down structure, McKinsey 7S, PESTLE Model and other relevant planning techniques will be introduced to demonstrate project requirements such as infrastructures, financial, man-power, technologies, resources, risks management, operations, procedures and more. This essay will also point out the obstacles faced by the project manager during the preparations of the events, and provide solutions adopted that influenced project outcomes.
Sports may have impacted our culture much more then we thought it would, and keeps impacting. Sports have affected some of the most important aspects of life, such as jobs and money. It has also affected things as little as who we look up to and how we dress. Culture means “the arts and other manifestations of human intellectual achievement regarded collectively.” The definition of sports is “an activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment.” So when we put two and two together we get a a nation or world that has changed due to sports. Back in the mid and late 1900’s sports were used to see whose way of life was better. As time went on and keeps going on, we
One may disagree that hosting Olympics is not worthwhile as it requires a city or a country to bring out an enormous sum of money for the preparation and planning of hosting the Olympics. Zimbalist (2012, pp. 116) says that the summer Games roughly generates a total of $5-$6 billion and almost half of it belongs to the International Olympic Committee. On the other hand, the cost of the games has increased roughly
While sports for the spectators are merely entertainment, the economics of the industry are what drives businesses to become involved. Sports have become more of a business entity rather than an entertainment industry due to the strong economic perception of the over all industry. There are several instances in which economics may contribute to the effect on the sports industry, such as: the success of a team, the price of a ticket, the amount of money an athlete will make, and the amount of profit a team will make. The success of an...
Sports are one of the most profitable industries in the world. Everyone wants to get their hands on a piece of the action. Those individuals and industries that spend hundreds of millions of dollars on these sports teams are hoping to make a profit, but it may be an indirect profit. It could be a profit for the sports club, or it could be a promotion for another organization (i.e. Rupert Murdoch, FOX). The economics involved with sports have drastically changed over the last ten years.
Being a parent is one of the most rewarding, yet difficult jobs in the world. We want our children to grow up to be well-rounded adults and to succeed in everything they do. As role models, we give direction to our children, motivate and inspire them to reach a goal, and encourage them to do the right thing. We are molding them to be the next generation of successful leaders. We want to teach them life lessons, be high performers, and most of all, we want them to be happy. Parents want school and sports to be positive experiences in their children’s life, however, what if a parent’s leadership creates a negative experience? What if parents push their children too hard? What if parents create such negativity regarding sports, that it results in emotional, physical, and even health related problems?
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Ziakas, V & Costa, C 2011, ‘The Use of an Event Portfolio in Regional Community and Tourism Development’, Creating Synergy between Sport and Cultural Events, vol. 16, no. 2, pp. 149-175.
Also the Commonwealth Games in Glasgow was budgeted to cost R10 billion. This vast sum would only negatively impact on the South African economy. South Africa does not want to host the commonwealth games as Mabalula states 'we don't want to bid for the Commonwealth Games,we want the Olympics in South Africa’. This suggests that by bidding for the Commonwealth Games South Africa would be spending money and resources on something that they do not want and therefore it would be preferable to better utilize our resources somewhere else.. As well as hosting the Commomonwealth Games could result in South Africa losing focus of what they really want.Another problem is that the Commonwealth Games is only hosted in one city and therefore the material benefits of hosting the games would be quite limited. The spending of more money on sport than on education in a country where our education is in dire straits substantiates that spending money on the Commonwealth Games is not worth