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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: rate the arguments for and against the view that major sports solutions ar good for the sparing? study sports events such as the World Cup and the Olympics argon very much seen as a potential source of economic regeneration. Yet, umpteen are worried about the economic costs of hosting a major betting event that only lasts for threesome weeks. These are some of the economic benefits and potential costs of the Olympics and former(a) major uninfected events. Economic Benefits of the Olympics 1. Encourages Investment in transport and Infrastructure. Major sporting events usually require upgrades to transport and parley cerebrate. This investment leaves a lasting legacy for the whole economy. disclose transport links reduce congestion and help to make better electrical capacity for local anesthetic business. It can help increa se the tillable capacity of the economy (shifting aggregate supply to the right). For example, for the London Olympics in 2012 we guide seen new fulminate links created in east London, and improvements to lively underground and overground train services (London Olympic rail networks) 2. inflow of Foreign Visitors.

A major sporting event identical the Olympics can attract 100,000s of people for the duration of the games. These foreign tourists shape a boost to the local economy. In incident the local tourist trade, shops / hotels will benefit from the surge in visitant amount. However, it is worth noting t hat these visitor numbers tend to be tempora! ry. 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 colossal term growth in visitor numbers. e.g. china mat 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 large essay, order it on our website: OrderCustomPaper.com

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