The Olympic Games And Its Impact On The Economic And Political Life Of The Host City

1315 Words Sep 29th, 2014 6 Pages
The Olympic games have developed over recent years into one of the most important and significant international sporting events across the globe. Not only does the games provide a platform for athletes to show there skills and talents, it also offers hosting cities to benefit through the accumulated investment triggered by staging the Games, both economically and socially. Its become quite clear the importance of securing such an event, with the increases of the number of cities bidding to host the Olympics and the increasing funds invested in Olympic bids increasing every games. As a result, in the course of the past two decades there has been increased interest on the impact of the Olympics on the socio-economic and political life of the host city, region and country (Malfas, Houlihan and Theodoraki, 2004).

Of all the buildup surrounding the Olympics, the biggest focus tends to be around the economic benefits. The event is often billed as a boon to business for its host city, a two-week spurt of tourism and beneficial TV time being viewed by the world, as well as investments in much needed infrastructure. Although the idea looks good on paper, there are few host cities that have actually been able to fully capitalize on the opportunity the Olympic games bring.

One of the few success stories is the 1992 games in Barcelona, which has experience long-term economical benefits since hosting the games. Despite the budget being exceeded, Olympic planners focused directly on…

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