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Cost and Benefit of Hosting the Olympic Game

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Cost and Benefit of Hosting the Olympic Game
In 2012,Miguel Cardenal, the Spain 's secretary of State of Sport ,stated that Madrid will continue to bid for 2020 Olympic Games despite the European Debt Crisis.In fact, Spain has lost three opportunities for hosting the Olympics and expects to boost their floundering economy as well as providing more employment position through conducting the Olympics.The value of hosting Olympics has been extolled loudly by the candidate host country. Does holding the Olympic Games really bring benefits for the host country? It may be stated that hosting Olympics may increase the expenditure of host country and jeopardize local people 's security.However,the majority of the previous host countries assert that the benefits of conducting Olympic Games outweigh the risks . Personally,it could enhance local infrastructure ,spur the economy and bring the host country into eminence.
From an enlighten point of view,the direct benefit brought by Olympic Games is that the local sport facilities of host country can be improved.The host country is required to set up a large new stadium meeting the international standard as the uppermost playing field for competition as well as the opening or closing ceremony.Besides that, most of the competition terrains required refurbishment be also emerged as brand new features.Opponents claim angrily that the aim to construct new sport facilities and infrastructure may be only for olympics,rather than for public.It can make sense for the angry tax-players that they pay the tax lawfully but can not feast the benefit that tax has brought.However,it should be pointed out that building new infrastructure not only meet the demand of olympics temporarily but also satisfy personal interests permanently.As a matter of fact,there are many appended projects built for olympics in almost former host countries,such as the parks, the overhaul of the city 's transport systems,not merely the main stadium and competition fields.In this way,every citizen have the



Bibliography: House of Commons.2012.Parliament debates.Surrey:House of Commons Kasimati,E.2003.Economic Aspects and the Summer Olympics. a Review of Related Research.International Journal of Tourism Research 5,pp.433-444[online].Available at:www.interscience.wiley.com.[Accessed:2003] Smith,C.2010. Economic Benefits Of Hosting The Olympic Games[online].Available at:http://www.articlesbase.com/writing-articles/economic-benefits-of-hosting-the-olympic-games-1897436.html[Accessed:23 Feb 2010]. McHugh,D.A Cost-Benefit Analysis of an Olympic Games[online].Available at:http://qed.econ.queensu.ca/working_papers/papers/qed_wp_1097.pdf [Accessed:Aug 2006] Rte sport.July 2008. Spanish govt standing over Madrid bid for 2020 Olympic Games.The Rte sport[online](23 July 2008).Available at:http://www.rte.ie/sport/olympics/2012/0726/330699-spanish-govt-standing-over-madrid-bid-for-2020/ [Accessed:23/06/2012] Dunbar,G.Wilson,S and Casert,R. 2010.Greek Financial Crisis: Did 2004 Athens Olympics Spark Problems In Greece? [online].Available at: http://www.huffingtonpost.com/2010/06/03/greek-financial-crisis-olympics_n_598829.html.[Accessed:03/06/2010] London2012.2012.Jobs[online].Availableat:http://www.london2012.com/about-us/jobs/ BBC News.2012.London 2012: Call for 'reasonable ' Olympic hotel rates [online]. Available at:http://www.bbc.co.uk/news/uk-16987190[Accessed:10 February 2012] The Guardian.2011.London 2012 Olympics security costs almost double to £553m[online]{5 December 2011}.Available at:http: //www.guardian.co.uk/ uk/2011/dec/05/ olympic -security-costs-rise-553[Accessed:05/12/2011]

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