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http://www. scotchshelp.org/blog/29/sport/cost-and-benefits-of-the-olympics/ Costs and Benefits of the Olympics   Readers skepticism: label 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 argon oft seen as a potential source of economic regeneration. Yet, umteen are worried about the economic costs of hosting a major(ip) gaudy event that only lasts for threesome weeks. These are some of the economic benefits and potential costs of the Olympics and former(a) major sportsman standardized events. Economic Benefits of the Olympics 1. Encourages Investment in transport and Infrastructure. Major sporting events usually require upgrades to transport and parley cogitate. This investment leaves a lasting legacy for the whole economy. disclose transport links reduce congestion and help to make better cogency for topical anaesthetic business. It can help increase the tillable mental ability of the economy (shifting aggregate supply to the right). For example, for the London Olympics in 2012 we exact seen new fulminate links created in east London, and improvements to active underground and overground train services (London Olympic rail networks) 2. inflow of Foreign Visitors.

A major sporting event like the Olympics can attract 100,000s of people for the duration of the games. These foreign tourists demand a boost to the local economy. In incident the local tourist trade, shops / hotels will benefit from the surge in visitant number. However, it is worth noting tha t these visitor numbers tend 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 foresighted term growth in visitor numbers. e.g. china matt-up 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 well(p) essay, order it on our website: OrderCustomPaper.com

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