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Positive impacts associated with hosting the olympic
Cons of hosting the olympics
Positive impacts associated with hosting the olympic
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Hosting the Olympic Games is a massive risk that cities all around the world are willing to take. While many people assume that hosting the Games is a way out a debt, it can also be just the opposite. There are many factors that contribute to the overall success and failure of hosting the Olympics. For one, the results differ between cities of economically developed countries and cities of less developed countries; economically developed cities profit more than less developed cities. Hosting the Summer versus Winter Games can also impact a city’s overall profit. In general, the Summer Olympics tend to make a more significant impact, as the games are more popular among viewers (Dick and Wang). Regardless, both the Summer and Winter Olympics …show more content…
Hosting the Olympic Games in U.S. cities has had both pros and cons, however, so far the pros have significantly outweighed the cons. Salt Lake City, Atlanta, and Los Angeles are three cities that all made substantial profits from welcoming the Olympics. For each city, hosting the Olympics brought a spotlight to the city, improved infrastructure, and boosted tourism, as well as entertainment. For U.S. host cities, the venues built are still being put to use, none have fallen into debt, and white elephants don’t exist. While hosting the Olympics can be a gamble for other countries, in the U.S.A., it feels safe to declare any Olympics a winner, deserving a gold medal.
Works Cited
Ari, Shapiro. “LA’s Olympic Dreams: Host 2028 Summer Games without Going into Debt.” All Things Considered (NPR), 01 Aug. 2017. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=nfh&AN=6XN201708012112&site=eds-live.
Clarey, Christopher. “Hoping New Stars Will Shine Through the Clouds; Pollution Adds to the Uncertainty At the Olympics in Salt Lake City.” International Herald Tribune, 8 Feb. 2002, p. 18. Global Issues in Context, http://link.galegroup.com/apps/doc/A82640759/GIC?u=ccds&xid=bf72f5ae. Accessed 11 Feb. 2018.
Dick, Christian David and Wang Qingwei. “The Economic Impact of the Olympic Games: Evidence from Stock Markets.” Applied Economics Letters, vol. 17, no. 9, 15 June 2010, p. 861. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=edb&AN=51376945&site=eds-live.
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“L.A Summer Games were a risk that is still paying off.” Los Angeles Times, Los Angeles Times, 28 July 2014, www.latimes.com/sports/la-sp-la-olympics-elliott-20140729-column.html. Accessed 9 Feb. 2018.
Hersch, Philip. “Repeating history could be bad for two-time Olympic host L.A.” Chicago Tribune, Bruce Dold, 17 Aug. 2015, www.chicagotribune.com/sports/columnists/ct-los-angeles-2024-bad-history-repeat-20150817-column.html. Accessed 11 Feb. 2018.
“Just say no; Sporting mega-events.” The Economist, 28 Feb. 2015, p. 74(US). Global Issues in Context, http://link.galegroup.com/apps/doc/A403216401/GIC?u=ccds&xid=b647c4f8. Accessed 11 Feb. 2018.
Lenskyj, Helen Jefferson. Inside the Olympic Industry : Power, Politics, and Activism. State University of New York Press, 2000. SUNY Series on Sport, Culture, and Social Relations. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=44027&site=eds-live.
Lohr, Kathy. “The Economic Legacy Of Atlanta’s Olympic Games.” National Public Radio, NPR, 4 Aug. 2011, www.npr.org/2011/08/04/138926167/the-economic-legacy-of-atlantas-olympic-games. Accessed 9 Feb. 2018.
Nickisch, Curt. “How The Olympics Changed Atlanta, And What Boston Could Learn.” WBUR News, 3 June 2015, www.wbur.org/news/2015/06/03/atlanta-olympics-city-legacy. Accessed 11 Feb.
Since 776 BCE, the Olympics have been a way for people of different cultures to come together and compete in friendly competition. In 1892 the first modern Olympics were held in Athens, although it had been over a thousand years since the last game it still had brought together an assortment of different religions and ethnic groups together. Many factors shaping the Olympic Games reflect the changes that have taken place in our world since the last game in 393 CE in Greece such changes include woman’s suffrage, global economy, world wars, and proving competency.
Walters, Guy. Berlin Games: How the Nazis Stole the Olympic Dream. New York: William Morrow, 2006. Print.
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.
Kindersly, Dorling. The Olympic Games: Athens 1896-Sydney 2000 Chronicle of the Games, 1 July 2000
Print. The. Jane Laing, ed., pp. 113-117. Chronicle of the Olympics, 1896-1996. New York: DK Pub., 1996.
Close, Paul, David Askew, and Xin Xu. The Beijing Olympics the Political Economy of a Sporting Mega-event.. Hoboken: Taylor & Francis, 2006.. 34-35
The sports industry is a very big business that contributes great amounts to the economy in terms of turnover, taxes and jobs. The sports industry has an economic cycle. So it depends on different parts of the year to hold big events. The benefits to be gained are that local communities as suppliers of services and goods obtain increased business.
In the summer of 1996, Atlanta Georgia played host to the 23rd modern Olympic games. It was easily the greatest thing to happen to Atlanta in the 90's and there were many benefits brought its way as a result. Of all these benefits, the most significant ones were (1) the legacy of all the facilities built for the event, (2) the revitalization of the downtown area, (3) the exposure it gave to the city and (4) the economic benefits it gained as a result of all this.
Bender, David and Bruno Leone, ed. Sports in America: Opposing Viewpoints. San Diego: Greenhaven Press, Inc. 1994.
It was estimated that the Olympic Games 2012 would involve more than 11,000 athletes and officials, 1 million visitors from around the world, and 4 billion television audiences, or more. Therefore, it was important to ensure that the Games preparations were ready on time, delivered high standard sports facilities to the sports professionals while controlled spending within budget.
Hosting the Olympics comes with many perks for such as, prestige, the creation of new facilities and countless amounts of benefits. With so many things the Olympics has to offer, there can be numerous reasons why countries compete to be elected as the hosting country for the Olympics. The most common reason countries want to host the Olympic is because of its potential ability to improve the country’s economy significantly. With the entire world participating in the Olympics, the hosting country can market...
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
• A Nike advertising campaign at the Atlanta Olympic Games with the slogan “You don’t win silver, you lose gold.”
Many people would question if the cost of the Olympics is worth it. Billions of dollars are used to make the Olympics what it is, and a lot of money is spent on manufacturing medals, and building arenas for the sports events. The arenas also require lots of money to maintain during the Olympics, as well as afterwards if they are to be recycled as sporting event centres. Housing for the athletes also takes quite a few million to create, even though they are only used for athlete housing for a couple of weeks. So much money was put into things like accommodation, but there were many complaints from everyone residing there that most parts of the building were incomplete or malfunctioning. The 2014 Winter Olympic Games in Sochi’s original budget was twelv...
Introduction 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.