What evidence can be presented to support the argument that holdi...

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What evidence can be presented to support the argument that holding the Olympic Games brings both economic and social benefits to a country that outweigh the costs?

By | November 2013
Page 1 of 5

What evidence can be presented to support the argument that holding the Olympic Games brings both economic and social benefits to a country that outweigh the costs?

Content

Introduction --------------------------------------------------------------- 3

Economic benefits (outweigh the costs) ------------------------ 3

Social benefits (outweigh the costs) ------------------------------ 5

Conclusion ----------------------------------------------------------------- 6

References ----------------------------------------------------------------- 8

Introduction

The Olympic Games are the world’s greatest international sporting ceremony with thousands of athletes participating. In the recent years, the scale of the Olympic Games developed at an alarming pace. By 2012 London Olympic Games, the entrant countries were up to 205(CRL-online, 2008). It can be easily figured that the hosting country must have enormous expenses on holding such a grand event. For example, the investment of 2012 London Olympic Games is £8.77bn, which supported an estimated total contribution of £1 billion to UK GDP (Gross Domestic Product) (McHugh, 2006, p.21). According to a ComRes poll for the BBC (2013), more than two-thirds of the UK public believe the huge expenditure was worth the money and 74% would also welcome the Game back to Britain. In my opinion, except the contribution to the national GDP, Olympic Games also bring varieties of economic benefits against the costs. For instance, the rapidly development of tourism followed by this world’s event brings a plenty of occupation opportunities and saves numerous citizens from unemployment (McHugh, 2006, p.48). In addition, as well as the economy, social benefits come with the Olympic Games, such as tourism, physical environment, mental promotion, which fully exceed the costs.

Economic benefits (outweigh the costs)

First of all, the Olympic ceremony brings a...