Impact of Global Events on Economy, Environment, and Society

ACADEMIC AND
PROFESSIONAL SKILLS

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
IMPACT FROM ECONOMIC PERSPECTIVE.............................................................................3
Job creation: ................................................................................................................................3
Costs to the tax payer:..................................................................................................................4
Future trade:.................................................................................................................................4
THE IMPACT FROM ENVIRONMENTAL PERSPECTIVE.......................................................4
Carbon footprints ........................................................................................................................4
Pollution ......................................................................................................................................5
Sustainability................................................................................................................................5
Impact from social perspective........................................................................................................5
Social cohesion: .........................................................................................................................5
Morale: ........................................................................................................................................6
Entertainment: .............................................................................................................................6
Regeneration opportunities: ........................................................................................................6
CONCLUSION................................................................................................................................7
RECOMMENDATIONS.................................................................................................................7
REFERENCES................................................................................................................................1

INTRODUCTION
Global events can be referred as the events that has the global reach and which are being
organised at a huge level and accounts for a limited duration. These are the events which helps in
bringing tourism, helps in creating job opportunities, ensures long term development for
infrastructure and helps in development of particular communities. These events are being
designed in manner which help the country in which it is being organised to generate benefits
which are being long term in nature. Global events accounts to direct contribution and
development to the economy in which this are going to be organised. When government bids for
organising global events such as Olympics it takes into consideration various positive and
negative aspects where positive aspects can be in terms of attracting tourism to the country,
increasing hospitality industry business as it accounts to high generation of revenues which
helps in increasing local economies of that particular region which accounts to growth and
development of country in which it is being organised. Global events such as Olympics helps In
facilitating trade of the country as it accounts to invitation of various countries which encourages
building up of strong relationships by countries mutually agreeing and signing the deed which he
helps in adding to various advantages and serve as the source for the pride of hosting such big
events. It also accounts to various negative aspects such as country account to huge investment in
hosting such kind of events which is being in terms of financial loss as it regards with getting
promotion of events, logistics investments, arranging various equipments to ensure to that all
games in hosting an event are being meet properly and various others. Present report will address
to various perspectives that have an impact on the environment which can be in terms of carbon
footprints, sustainability, pollution, understanding impact from a social perspective and various
others.
MAIN BODY
IMPACT FROM ECONOMIC PERSPECTIVE
Job creation:
This global event will create many job and employment opportunities for the locals. As
government will conduct many programmes in order to renovate and refurbish the the current