Does Holding the Olympic Games Have Benefits for the Host Country？
AGRUMENTATIVE ESSAY
Does holding the Olympic Games have benefits
for the host country？
In recent years, the Olympic Games have developed into one of the most significant mega-international sporting events (Roche，2000). More and more cities are bidding to host the Olympics and increasingly money are invested in Olympic bids, which is due to the reason that the government believe that they could get benefits from such an event. During the proceeding of the 2012 London Olympic Games, amount of people in the world have been brought into focus on Olympic Games. It is such a big event, holding it successfully will improve one country’s reputation and get more attention around the world. Does holding the Olympic Games have benefits for the host country? It might be said that hosting Olympic Games has some financial risks because of its exceeding budgets. Countries invest huge number of money on sports facilities, which could result in the over-needed of infrastructure. However, there are many reasons why a country should organize Olympic Games.
The first reason why holding Olympic Games have benefits for the host country is that, from the economic point of view, increase the income of revenue. Because of the influx of people who come from all around the world, the needs of consumption will dramatically rise. As a result, it is contributed to the output of factory, which is benefit to the whole market. What’s more, Olympic Games attract numbers of merchants to the host country to look for the business opportunities. Their investment in the market will stimulate the growth of economic. Rose and Spiegel (2009) suggests that the rate of trade is increased 30% for those host countries, which ‘realize an economic benefit in the form of greater openness.’ Furthermore, during the proceeding of the Olympics, large numbers of foreigners will come to the hosts to visit. Bolton (2004) states that
Does holding the Olympic Games have benefits
for the host country？
In recent years, the Olympic Games have developed into one of the most significant mega-international sporting events (Roche，2000). More and more cities are bidding to host the Olympics and increasingly money are invested in Olympic bids, which is due to the reason that the government believe that they could get benefits from such an event. During the proceeding of the 2012 London Olympic Games, amount of people in the world have been brought into focus on Olympic Games. It is such a big event, holding it successfully will improve one country’s reputation and get more attention around the world. Does holding the Olympic Games have benefits for the host country? It might be said that hosting Olympic Games has some financial risks because of its exceeding budgets. Countries invest huge number of money on sports facilities, which could result in the over-needed of infrastructure. However, there are many reasons why a country should organize Olympic Games.
The first reason why holding Olympic Games have benefits for the host country is that, from the economic point of view, increase the income of revenue. Because of the influx of people who come from all around the world, the needs of consumption will dramatically rise. As a result, it is contributed to the output of factory, which is benefit to the whole market. What’s more, Olympic Games attract numbers of merchants to the host country to look for the business opportunities. Their investment in the market will stimulate the growth of economic. Rose and Spiegel (2009) suggests that the rate of trade is increased 30% for those host countries, which ‘realize an economic benefit in the form of greater openness.’ Furthermore, during the proceeding of the Olympics, large numbers of foreigners will come to the hosts to visit. Bolton (2004) states that
Bibliography: Bolton, L. (2004) Despite Lackluster Ticket Sales, Can Greece Be a Big Winner in This Year’s Olympics? [Online] Available at: http://knowledge.wharton.upenn.edu/article.cfm?articleid=1026 [Accessed 24/08/12]. Brunet, F. (1995) An economic analysis of the Barcelona '92 Olympic Games: resources, financing and impact, in Moragas, D. M. & Botella, M. (eds). The Keys of success: the social, sporting, economic and communications impact of Barcelona ‘92. Bellaterra: Servei de Pulbication de la Universitat Autonoma de Barcelona. Chalkley, B. & Essex, S (1999) Urban development through hosting international events: a history of the Olympic Games. Planning Perspectives 14(4), pp. 369-394. International Olympic Committee (2001) Sydney 2000 Olympic Games; Global Television Report. UK: Olympic Television Research Centre Sports Marketing Surveys Ltd Roche, M. (2000) Mega-Events and Modernity: Olympics and Expos in the Growth of Global Culture. London: Routledge. The Olympic Delivery Authority (2007) Guide to the Olympic, Paralympic & Legacy transformation planning applications and Olympic village (Part) and legacy residential planning application. Guide to Planning Applications [Online] (February 2007). Available at: http://www.london2012.com/mm%5CDocument%5CPublications%5CPlanningApps%5C01%5C24%5C08%5C36%5Cguide-to-the-planning-applications.pdf [Accessed 26/08/12] Rose, K. & Spiegel, M. (2011) The Olympic Effect. The Economic Journal 121(3), pp. 652-677. Steven, T. & Bevan, T. (1999) Olympic legacy. Sport Management Magazine 19 (9), pp.16–19. Truno, E. (1995) Barcelona: city of sport, in Moragas, D. M. & Botella, M. (eds). The Keys of success: the social, sporting, economic and communications impact of Barcelona ‘92. Bellaterra: Servei de Pulbication de la Universitat Autonoma de Barcelona.