What Benefits and Setbacks Does a Country Experience by Organizing Renowned Sporting Events.pptVIP

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What Benefits and Setbacks Does a Country Experience by Organizing Renowned Sporting Events.ppt

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What Benefits and Setbacks Does a Country Experience by Organizing Renowned Sporting Events

What Benefits and Setbacks Does aCountry Experience by Organizing Renowned Sporting Events Name: Wang Huiyan Fin No:G0892181X Class:EIS0165Adv D Date:20/08/2010 OUTLINE Introduction Body: INTRODUCTION Sporting events will bring to countries economic growth and more commercial intercourse. It’s a topic of concern Benefits：Influx of Foreign Visitors Foreign tourists bring a boost to the local economy Benefits： Benefits：Encourages Investment in infrastructure Facilities for the Disabled Facilities Setbacks：Inflation Averge Boost to Real GDP Growth in Host Countries(Relative to Country average,1952-2000) Spending too much money on the construction of Olympic venues Nearly four Olympic games costs RECOMMENDATION REFERENCES Source: The Disadvantages of Hosting a 2010 World Cup | eH /list_6754290_disadvantages-hosting-2010-world-cup.html#ixzz0utpBOqBe Source: /blog/economics/economic-impact-of-beijing-olympics/ Source: /blog/economics/economic-impact-of-beijing-olympics/ Name: Wang Huiyan Fin No:G0892181X Class:EIS0165Adv D Date:20/08/2010 Page ? * Benefits Benefits Influx of Foreign Visitors Encourages Investment in infrastructure Setbacks Setbacks Inflation conclusion From 1994 to 2004, foreign tourists visiting Australia increased by 1.32 million while local tourists recorded a growth of 174,000. 1994 1999 2004 Add Your Title Facilities for the Disabled Facilities Economic Effects of the Olympics Inflation currency prices Setbacks：Inflation 1996 2000 2004 2008 2008 Beijing 2000 Sydney 1996 Atlanta 2004 Athens Benefits： Olympic host cities organizer costs(billions of dollars) Sydney 15 Athens 116 Beijing 430 Atlanta 17 Let’s hope of the London 2012 Olympics coming * * * *