Global sports events such as the Olympics and the World Cup are incredible opportunities for countries. These iconic ceremonies can provide an economic avalanche of benefits to the host country. Although some may some may argue that expending money on such matter is futile. I strongly believe that hosting these sports events is a boon for the state.
First of all, it is very natural that the country receives an enormous amount of publicity and world media's attention. It gives a golden chance for the state to promote their culture and soft power across the globe. Furthermore, every nation feels honoured and prestige of presenting these mega sporting meets because that country will be the centre of the sporting world for the duration of the action.
Secondly, these occasions play a paramount role to boost host nation's economic condition because a development like the World Cup and the Olympics require a huge infrastructure and facilities. Hence local government pumps vast amount of money in upgrading existing structures and build new stadiums, airports and roads. Consequently, all these activities generate numerous job opportunities for local people. For example, as per the a report of the Russian government, the Football World Cup 2018 helped to create 50000 jobs in Russia and increased Russian economy by 10%.
However, it should not be forgotten that enormous financial and human resources are required to organize a world class event. If anything goes wrong, it will be ignominiously for whole hosting society. Many small and developing nations do not have such luxury of enough resources and if these countries try to put together the mega event by using borrowed money, they will be in debt trap. Hence it is very important that countries should analyse their economic condition and take decision.
In conclusion, it is indisputable that hosting an international sports event is a great achievement and it bring many advantages for the host nation. Although it can be a big problem for small and under developing countries.
Global sports
events
such as the Olympics and the
World
Cup are incredible opportunities for
countries
. These iconic ceremonies can provide an economic avalanche of benefits to the host
country
.
Although
some
may
some
may argue that expending money on such matter is futile. I
strongly
believe that hosting these sports
events
is a boon for the state.
First of all
, it is
very
natural that the
country
receives an enormous amount of publicity and
world
media's attention. It gives a golden chance for the state to promote their culture and soft power across the globe.
Furthermore
, every nation feels
honoured
and prestige of presenting these mega sporting meets
because
that
country
will be the
centre
of the sporting
world
for the duration of the action.
Secondly
, these occasions play a paramount role to boost host nation's economic condition
because
a development like the
World
Cup and the Olympics require a huge infrastructure and facilities.
Hence
local
government
pumps vast amount of money in upgrading existing structures and build new stadiums, airports and roads.
Consequently
, all these activities generate numerous job opportunities for local
people
.
For example
, as per
the a
report of the Russian
government
, the Football
World
Cup 2018
helped
to create 50000 jobs in Russia and increased Russian economy by 10%.
However
, it should not
be forgotten
that enormous financial and human resources
are required
to organize a
world
class
event
. If anything goes
wrong
, it will be
ignominiously
for whole hosting society.
Many
small
and developing nations do not have such luxury of
enough
resources and if these
countries
try to put together the mega
event
by using borrowed money, they will be in debt trap.
Hence
it is
very
important
that
countries
should
analyse
their economic condition and take decision.
In conclusion
, it is indisputable that hosting an international sports
event
is a great achievement and it
bring
many
advantages for the host nation. Although it can be a
big
problem for
small
and under developing
countries
.