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Economic Impact of Hosting Sports Events

The document discusses the debate over the value of hosting major sporting events like the World Cup and Olympics. While proponents argue that these events boost national reputation and provide economic benefits, the author believes the costs are too high and resources should be redirected to pressing social issues. Ultimately, the author suggests that hosting should be more consistent in the same countries to ensure long-term infrastructure benefits.

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nhva1706
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10 views1 page

Economic Impact of Hosting Sports Events

The document discusses the debate over the value of hosting major sporting events like the World Cup and Olympics. While proponents argue that these events boost national reputation and provide economic benefits, the author believes the costs are too high and resources should be redirected to pressing social issues. Ultimately, the author suggests that hosting should be more consistent in the same countries to ensure long-term infrastructure benefits.

Uploaded by

nhva1706
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Sporting events

Some people think that it is a waste of money for countries to host big sporting events like
the world cup, and that the money would be better spent on other things. However, others
think that hosting large sporting events has a clear, positive impact on a country.

There is fierce competition between nations to host major international sports events like the
World Cup or Olympics as it is a unique opportunity to boost the national reputation of the host
nation. In spite of its undeniable benefits, I believe that the costs are too great and therefore
governments should prioritise other key issues to better benefit their citizens.

On the one hand, becoming a host nation for global events such as the World Cup or the
Olympics brings a number of economic and infrastructural benefits. During these events, there
is an influx of tourists from all over the world who need places to stay, restaurants to eat in and
traditional products to purchase. The efforts made to cater to these tourists will remain long
after they have gone. The cost of renovating a hotel might pay for itself during the event and
then begin turning a large profit in later years. The other main area of development is related to
the rapid expansion of quality infrastructure. Nations will be forced to invest in new sports
facilities like swimming pools and stadiums as well as make renovations to pre-existing
infrastructure like roads and airports. For example, China used the Beijing Olympics as an
opportunity to modernise old buildings and roads.

On the other hand, these competitions use up tremendous resources from the host nation for a
temporary competition. To ensure the success of these prestigious events, governments must
waste a large percentage of the nation budget in the years leading up to the competition,
oftentimes in the billions of dollars. The newly constructed facilities usually fall into disuse after
each tournament. A salient example of this is Brazil as many of the swimming pools and sports
facilities that were used in the 2014 Olympics are currently abandoned and becoming decrepit.
Meanwhile, there are other pressing issues that have been festering including the need for new
schools for underprivileged students and quality healthcare for the elderly population. If the
government had prioritised these issues the country would be in a better position and its
citizens would have a higher standard of living.

To summarize, due to the exorbitant costs, I am of the belief that the government should not
allocate such a large percentage of its financial resources to hosting global events with
negligible long-term impact. Instead these events should be hosted in the same countries year
after year so that the new infrastructure pays for itself over time.

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