http://www. scotchshelp.org/blog/29/sport/cost-and-benefits-of-the-olympics/ Costs and Benefits of the Olympics Â Readers skepticism: appraise the arguments for and against the view that study sports solutions ar good for the sparing? study sports events such as the World Cup and the Olympics atomic number 18 practically seen as a potential source of economic regeneration. Yet, galore(postnominal) are worried about the economic costs of hosting a major white event that only lasts for threesome weeks. These are some of the economic benefits and potential costs of the Olympics and former(a) major fair events. Economic Benefits of the Olympics 1. Encourages Investment in transport and Infrastructure. Major sporting events usually require upgrades to transport and parley cerebrate. This investment leaves a lasting legacy for the whole economy. disclose transport links reduce congestion and help to make better faculty for local anaesthetic business. It can help increase the tillable condenser of the economy (shifting aggregate supply to the right). For example, for the London Olympics in 2012 we slang seen new fulminate links created in east London, and improvements to animate underground and overground train services (London Olympic rail networks) 2. influx of Foreign Visitors.
A major sporting event similar the Olympics can attract 100,000s of people for the duration of the games. These foreign tourists bring forth a boost to the local economy. In incident the local tourist trade, shops / hotels will benefit from the surge in visitor come. However, it is worth noting that these visitor numbers ten! d to be temporary. The major sporting event only lasts for a some weeks; potentially there could be many empty hotel beds in the future. On the other hand people argue a major sporting event can lead to a desire term growth in visitor numbers. e.g. china matte the Beijing Olympics created a feeling that China could be a popular tourist destination. Barcelona saw higher visitor numbers continue after the Barcelona Olympics...If you want to get a respectable essay, order it on our website: OrderCustomPaper.com
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