The major spending to meet the demands of hosting this major sporting event greatly outweighs the profit made after the event is over. Large investments made for the Olympics may not be used in the future, resulting in overspending and a poor use of resources. It is argued that these infrastructure investments are actually beneficial long term as well as short term like transport improvements can decongest traffic. Many job opportunities are also created and employment rates go up from all of the business opportunities associated with the event as well as construction. This is very beneficial in the sense that it is not just a short term job for men and women that want stable and lasting income. The cities start preparing for the IOC ten years prior to even bidding. Finally, this large of an event attracts thousands of people from all around the world to the host city. This boosts the economy through tourism, sales and recreational activities. Visitor numbers are shown to have grown significantly in countries after they host the Olympic Games as well as “countries hosting the Olympics see a 20% increase in export trade in the years after hosting.”(Hyde,
The major spending to meet the demands of hosting this major sporting event greatly outweighs the profit made after the event is over. Large investments made for the Olympics may not be used in the future, resulting in overspending and a poor use of resources. It is argued that these infrastructure investments are actually beneficial long term as well as short term like transport improvements can decongest traffic. Many job opportunities are also created and employment rates go up from all of the business opportunities associated with the event as well as construction. This is very beneficial in the sense that it is not just a short term job for men and women that want stable and lasting income. The cities start preparing for the IOC ten years prior to even bidding. Finally, this large of an event attracts thousands of people from all around the world to the host city. This boosts the economy through tourism, sales and recreational activities. Visitor numbers are shown to have grown significantly in countries after they host the Olympic Games as well as “countries hosting the Olympics see a 20% increase in export trade in the years after hosting.”(Hyde,