Evaluating the Economic Impact of Hosting Major Sporting Events

This essay explores whether major sporting events like the Olympics and the World Cup provide a net economic benefit or cost to hosting countries. While these events can stimulate economic regeneration through infrastructure development, transport upgrades, and increased tourism, they also entail significant economic costs. The encouragement of infrastructure and transport upgrades due to hosting requirements can lead to lasting benefits like reduced congestion and increased efficiency for local businesses. The influx of tourists boosts the local economy, but potential disruptions to popular sites are also noted. High investments and corruption can lead to inflated costs, questioning the long-term economic viability of hosting such events. The essay concludes by highlighting the importance of carefully considering both the potential benefits and costs before committing to hosting major sporting events.

Do major sporting events like the Olympics or the World
cup provide hosting countries with a net benefit or cost

Table of Contents
MAIN BODY...................................................................................................................................3
REFERENCES................................................................................................................................5

MAIN BODY
Countries are majorly organizing major sports events such as Olympics and world cup
are often been considered as potentiality level of resources in order to have the regeneration at
economic level (Hong & Oh (2017). The countries are majorly worried about hosting of major
events which is incurring major level of economic cost which is had the mainly last for
maximum to three weeks. On other hand there are many of economic benefits along with having
major potential cost in Olympics which are major level of sporting events. The countries in
having level of economic benefit as it have different level of encouragement in terms of
infrastructure and transport. The major event have requirement to have up gradation of
transformational and links of communication.
This has lasting legacy which makes reduction in congestion along with efficiency of
local business along with increase level of productive capacity in economy (Muiruri, Atieno &
Vieira Do Nascimento (2017). With organizing of major sports events, there is existence of 1000
of tourist attracted towards location bring boost to local economy. On other hand major sporting
events can lead to have long termed growth by visitor numbers. Another positive impact in terms
of economic regeneration is this leads to have major level of creations off job in local economy
at positive multiplier effects. It has been also contradicted that due to boost of tournaments
overall number of tourist is getting level of disruption from level of popular sites and interaction.
There is high level of economic growth set of major sporting events or Olympics with level of
high investment along with foreign visitors.
This basically leads to have higher level of tax revenues for government. It has been
identified that the investment on infrastructure may have long run return as making up the
stadium in order to have proper organize of events can be turned out at level of horrible cost at
economic level Wang & Bao (2018). On the other hand countries are facing level of ongoing
corruption which is artificially havering high rates cost of building which could structure better
serve community in order. Beaming prisoners to have multiplier level of effects around
successive level of rounds which have capillarity in order to providence of better level of
understanding in various aspects of development in longer term productivity .

REFERENCES
Wang, M., & Bao, H. X. (2018). Mega-event effects on the housing market: Evidence from the
Beijing 2008 Olympic Games. Cities, 72 .207-216.
Muiruri Njoroge, J., Atieno, L. & Vieira Do Nascimento, D. (2017). Sports tourism and
perceived socio-economic impact in Kenya: The case of Machakos County. Tourism and
hospitality management, 23(2). pp.195-217.
Hong, S.C. & Oh, K.S. (2017). Determinants of sports coverage: Newsworthiness in US media
coverage of foreign athletes during the London 2012 Olympic Games. Journalism,
p.1464884917699034.