Hosting an international sports event in a country has been an age old tradition to interact and socialize with people from a faraway land. This not only increases the market value of a country and open doors for trade and tourism but is also beneficial from a political standpoint. People living overseas come to visit the host country to participate and attend sports events. There are a lot of sports events that are conducted on an International venue which people travel to watch. Some of the popular ones are The Olympic Games, The Grand Prix and Indian Premier League. Hoards of people from all over the were going to travel to Italy in the year 2020 to watch the Grand Prix but because of the pandemic it had to be cancelled. Countries invite foreign nationals to events and this helps improve inter-country relationships between nations.
To attract foreign travel the host countries also put in a lot of work in developing real estate infrastructure. This leads to development and employment generation for the host country. Aside from attending the event, people love to vist local destinations and this creates a lot of income for the host countries.
However, everything comes at a price. Countries deploy a lot of resources preparing for events thus sometimes resulting in wastage and depletion of treasuries. Countries incur a lot of debt thus creating unnecessary pressure on the economy and its people. Hosting such an event is a costly affair and might not be totally suitable for countries with low economic reserves. There is also increase in financial crimes such as frauds during events and increase in corruption is also a problem that becomes difficult to deal with. 
Hosting an international sports  
event
 in a  
country
 has been an age  
old
 tradition to interact and socialize with  
people
 from a faraway land. This not  
only
 increases the market value of a  
country
 and open doors for trade and tourism  
but
 is  
also
 beneficial from a political standpoint.  
People
 living overseas  
come
 to visit the  
host
  country
 to participate and attend sports  
events
. There are a  
lot
 of sports  
events
 that  
are conducted
 on an International venue which  
people
 travel to  
watch
.  
Some of the
 popular ones are The Olympic Games, The Grand Prix and Indian Premier League. Hoards of  
people
 from all over the were going to travel to Italy in the year 2020 to  
watch
 the Grand Prix  
but
  because
 of the pandemic it had to  
be cancelled
.  
Countries
 invite foreign nationals to  
events
 and this  
helps
  improve
 inter-country relationships between nations.
To attract foreign travel the  
host
  countries
  also
 put in a  
lot
 of work in developing real estate infrastructure. This leads to development and employment generation for the  
host
  country
. Aside from attending the  
event
,  
people
  love
 to  
vist
 local destinations and this creates a  
lot
 of income for the  
host
 countries. 
However
, everything  
comes
 at a price.  
Countries
 deploy a  
lot
 of resources preparing for  
events
  thus
  sometimes
 resulting in wastage and depletion of treasuries.  
Countries
 incur a  
lot
 of debt  
thus
 creating unnecessary pressure on the economy and its  
people
. Hosting such an  
event
 is a costly affair and might not be  
totally
 suitable for  
countries
 with low economic reserves. There is  
also
 increase in financial crimes such as frauds during  
events
 and increase in corruption is  
also
 a problem that becomes difficult to deal with.