Commonwealth Games Impact on Economy

The assignment explores the impact of hosting Commonwealth Games on a nation's economy, considering various perspectives such as financial, social, and environmental. It examines how the event can develop the economy, provide stability, and have effects on public interest in sports and pollution.

Commonwealth
Games

Table of Contents
INTRODUCTION...........................................................................................................................1
Background and Operations:............................................................................................................1
Economic Impact to the Gold Coast/Queensland :..........................................................................4
CONCLUSION................................................................................................................................5
.........................................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Commonwealth games is termed to be an event that engages one for the amusement or
fun. It is organised internationally which involves multi sports such as athletes, hockey, table
tennis etc. These are the worlds third largest multi sports event organised after the event of the
Olympics games. The event of commonwealth were organised with the purpose of promoting the
democracy, literacy, human rights, better governance, free trade and world peace. The main aim
behind the event of the commonwealth games is to unite the family through the help of sports. In
this present project the areas where the emphasis is given is on the background and main reason
behind the arrangement of this event and its impact on the stability of the economy. The report
will also cover the study about the financial, social and environmental perspective.
Background and Operations:
The event of Commonwealth games were known as British Empire games during the
time of 1930 and than later on termed as the Common Wealth Games. This event is held within
every four year in different different nations. These games are organised under the federation
who are responsible for guiding and controlling the activities within the Common wealth games.
As the event is held at every four year, during the year 2018 the event was organised in a
systematic manner by the gold Coast. The time period of the game was from 4th April to 15th
April in Australia. This was the fifth time when Australia hosted this event. The games consists
of the 19 sports considering Badminton, hockey, Boxing etc. At that time the federation of the
Commonwealth considered 6600 athletes, including 300 para-athletes. This was the first time
where the event was successful in managing the number of games and events equal for men and
women. During the year of the 2018 the event gain more success and was held in the best
manner as all the functions starting from the opening ceremony to the closing ceremony was
performed in the planned manner with proper estimated budget(Gray and Porter, 2015).
The main purpose behind hosting this event is to bring economic stability by the
promotion of the democracy, literacy, human rights, free trade and world peace. Organising an
event has also provide certain benefits to the host nation such as this will support the host nation
to raise their prestige among other nation and will also supports them in improving their
economy's infrastructure and earning as hosting an event will lead to increase amount of tourism
through which the earning of foreign currency can also be done. This will also increase the
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earning in millions as by organising this event the activity of selling of tickets will be performed
through which the nation can earn more in millions. This will also helps the host country to
understand the diverse culture of the different countries. Through this the opportunity for the job
within the nation can also be increased due to which the economy can achieve a sustainable
position(Kramer, 2015).
The main operational considerations in hosting this event:
During the hosting of event many operation considerations were kept into the mind so
that the event can be managed successfully these considerations were as mentioned below :
Get started : In this the functions that is to be carried out while hosting an event is
written down in detailed manner so that while performing and hosting the event the
mismanagement of the certain thing can be reduced.
Select dates and venues : This involves the selection of the date and venues which are
favourable for the event of the sports. After selecting the right time and venue the event of the
sports are organised.
Establish a budget : An estimation of the budget is prepared so that the idea can be
gathered how much an event will cost to the organiser . Costs may be related to the venue
selection arrangement of the foods etc.
Inviting of the guests : Here the decisions are taken about how the event will be host and
who will be the guests at the opening ceremony of the event of Commonwealth games(Jarvie,
2017).
Starts selling tickets : After deciding the venues, guests the activity of selling a tickets
for the event is done through the online tickets of the sources. So that the event of the sports can
be managed in the most significant ways.
Promoting of the sports events : This is the essential activity that is to be performed in
order to increase awareness among the public regarding the hosting of the sports event. This can
be done through the advertising about the tournaments .
Review : After drafting all the activities a review towards the draft must be done so that
the event organiser can easily identify what they have considered and what has been left behind.
Here the focus is on what more can be done for the sport event to be taken up in success manner.
Follow up the event : After considering all these operational activities the last step
which comes is organising the event of the Common Wealth in the best possible manner. Here
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the event is arranged and all the activities from opening ceremony to the ending ceremony are
monitored whether these are executed as per the decided plan or not .
Analyse the costs and benefits of hosting the Commonwealth Games to the Gold
Coast/Queensland area.
At the initial level the cost of organising an event was estimated to amount 17.50₹
billions in the year 2003 whoever as the time passed the budget increased to the 116 billion in₹
the year 2007 and later on the budget kept on rising with the increasing rate and the game of the
commonwealth termed as the most expensive games. Federation of the Commonwealth games
estimated their budget for the year of 2018 that is $6.4. millions(McDowell and Skillen, 2017).
2018 Queen's Baton Relay cost breakdown:
Event Cost (A$)
Baton Relay launch at Buckingham Palace 380,000
(a) International leg of the journey 2,100,000
Flights and accommodation 1,000,000
Photography 164,000
Advertising 17,000
(b) Domestic leg of the journey 4,300,000
Flights and accommodation 1,500,000
Staging 1,000,000
Uniforms 215,000
Consumables 23,000
Total cost (a) + (b) 6,400,000
Benefits of hosting the commonwealth games to the Gold coast : This has provide a
major benefit to the city of Gold coast as through this process of organising an event the city has
achieved an increased number of sporting venues and has attract major films studios to their city
which is profitable for the city in their development and growth(Christie and Gibb, 2015).
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Analyse and evaluate the sustainability of the event, and consider the impact from an
economical perspective :
The event continued to sustain due to their success. The event is termed to be successful
with the support of the federation as well as the volunteer who contributed towards the
management of the common wealth games. The concept of Common wealth games continues to
maintain their sustainability as it does not hinder the economy growth and development whereas
this promote more and more world peace and free trade due to which the stability in the
economic condition can be maintained. This has also impacted the economical perspective such
as financial , social and environmental in the positive manner:
Economic Impact to the Gold Coast/Queensland :
Financial perspective : The stability of the common wealth games has a positive impact
on the financial perspective of the economy as this has increased the earning level of the nation
through the hosting of this event. The nation has achieved a extreme growth in their financial
position as organisation of the common wealth has provide the economy with many financial
benefits such as :
 Through the hosting of the event the economy can also earn the foreign currency which
will rise their sustainable earning.
 This has also increased the infrastructure through their millions of earning which they
have earned through the selling of ticket(Skillen and McDowell, 2014).
 The income as well as the revenue of the economy has also increased which contribute to
the GDP of the nation. This increment happened due to the movement of the people
toward the nation from different different countries.
Social perspective : The hosting of common wealth games in the host nation also fosters
a positive impact on the social perspective as through the organisation of the event the host
nation will come to know about the different culture diversity and can easily understand the
culture of the different different nation due to which they may not face problems while dealing
with the people of the other nation(Allan, Lecca and Swales, 2017).
Environmental perspective: In this case the sustainability of the common wealth games
does both positive impact such as positive impact will be that people of the nation will come to
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know more about the different different sports which are played in the event so that the interest
of the public towards the sports increase and negative will be that due to more and more
movement of the public within the nation pollution will increase which will affect the
economy(Chaplin and Mendoza, 2017).
CONCLUSION
From the above report it can be examine that the hosting of this event Common wealth
games has developed the economy in the most significant manner. This has also provide certain
benefits to the host nation through which the stability of the economy has increased and there
impact on the economy which includes different perspective such as financial , social and
environmental.
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REFERENCES
Books and Journals
Gray, N. and Porter, L., 2015. By any means necessary: Urban regeneration and the “state of
exception” in Glasgow's Commonwealth Games 2014. Antipode. 47(2). pp.380-400.
Kramer, R. S., 2015. Facial width-to-height ratio in a large sample of commonwealth games
athletes. Evolutionary Psychology. 13(1). p.147470491501300112.
Jarvie, G., 2017. Sport, the 2014 Commonwealth Games and the Scottish referendum. The
Routledge handbook of sport and politics. pp.209-221.
McDowell, M. L. and Skillen, F., 2017. The 1986 commonwealth games: Scotland, South
Africa, sporting boycotts, and the former British Empire. Sport in society. 20(3).
pp.384-397.
Skillen, F. and McDowell, M. L., 2014. The Edinburgh 1970 British Commonwealth Games:
Representations of Identities, Nationalism and Politics. Sport in History. 34(3). pp.454-
475.
Chaplin, D. and Mendoza, S., 2017. The history of competitive balance in Commonwealth
Games Boxing. Sport in Society. 20(3). pp.428-437.
Allan, G. J., Lecca, P. and Swales, K., 2017. The impacts of temporary but anticipated tourism
spending: An application to the Glasgow 2014 Commonwealth Games. Tourism
Management. 59. pp.325-337.
Christie, L. and Gibb, K., 2015. A collaborative approach to event-led regeneration: The
governance of legacy from the 2014 Commonwealth Games. Local Economy. 30(8).
pp.871-887.
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