Global athletic events such as the Olympics, the World Cup, the Extreme Games, and even the American Super Bowl are incredible opportunities for countries. These iconic spectacles can provide a country with an economic avalanche of benefits or expose it to a public relations disaster. This essay will look at both points, using Russia Firstly, it is important to bear in mind that simply hosting the event and having the world’s media attention cannot guarantee a positive promotion. This is because although the country is receiving enormous amounts of publicity, the media will often report controversial news as well as. Take the Winter Olympics in Sochi, Russia, for example. The media spotlight is shining bright on the athletes but also highlighting the polemic legislation regarding homosexuality. Therefore, despite the international recognition to be gained, the country can also face a possible backlash
Secondly, the expense of building large infrastructures necessary to hold these events can dwarf the benefits, unless they are fully amortized afterwards. This is largely due to the fact that stadiums, Olympic parks, ski runs etc. are expensive to construct and undertake large capital expenditure, often by the public sector.
To conclude, a host city or nation has a lot to gain from these events but only if they are economically administered correctly
Global athletic
events
such as the Olympics, the World Cup, the Extreme Games, and even the American Super Bowl are incredible opportunities for
countries
. These iconic spectacles can provide a
country
with an economic avalanche of benefits or expose it to a public relations disaster. This essay will look at both points, using Russia
Firstly
, it is
important
to bear in mind that
simply
hosting the
event
and having the world’s media attention cannot guarantee a
positive
promotion. This is
because
although the
country
is receiving enormous amounts of publicity, the media will
often
report controversial news
as well
as. Take the Winter Olympics in Sochi, Russia,
for example
. The media spotlight is shining bright on the athletes
but
also
highlighting the polemic legislation regarding homosexuality.
Therefore
, despite the international recognition to
be gained
, the
country
can
also
face a possible backlash
Secondly
, the expense of building large infrastructures necessary to hold these
events
can dwarf the benefits, unless they are
fully
amortized afterwards. This is
largely
due to the fact that stadiums, Olympic parks, ski runs etc. are expensive to construct and undertake large capital expenditure,
often
by the public sector.
To conclude
, a host city or nation has a lot to gain from these
events
but
only
if they are
economically
administered
correctly