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    Is Hosting International Sports Events Simple A Waste of Resources?

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    Dilesh Veeramah
    Hosting major international sporting events like the Olympics can involve immense costs for the host country and raise issues about wastage of resources. However, proponents argue that there are also potential long-term economic benefits through tourism, job creation, and improved infrastructure if events are properly planned. While facilities may go underused after events, legacy planning could allow venues and transportation improvements to benefit local residents. Overall, efficient allocation of resources through socio-economic planning could mean hosting international sports does not necessarily equate to wastage and may provide economic, social and cultural returns for countries.

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    Is Hosting International Sports Events Simple A Waste of Resources?

    Uploaded by

    Dilesh Veeramah
    29 views3 pages
    Hosting major international sporting events like the Olympics can involve immense costs for the host country and raise issues about wastage of resources. However, proponents argue that there are also potential long-term economic benefits through tourism, job creation, and improved infrastructure if events are properly planned. While facilities may go underused after events, legacy planning could allow venues and transportation improvements to benefit local residents. Overall, efficient allocation of resources through socio-economic planning could mean hosting international sports does not necessarily equate to wastage and may provide economic, social and cultural returns for countries.

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    Hosting major international sporting events like the Olympics can involve immense costs for the host country and raise issues about wastage of resources. However, proponents argue that there are also potential long-term economic benefits through tourism, job creation, and improved infrastructure if events are properly planned. While facilities may go underused after events, legacy planning could allow venues and transportation improvements to benefit local residents. Overall, efficient allocation of resources through socio-economic planning could mean hosting international sports does not necessarily equate to wastage and may provide economic, social and cultural returns for countries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views3 pages

    Is Hosting International Sports Events Simple A Waste of Resources?

    Uploaded by

    Dilesh Veeramah
    Hosting major international sporting events like the Olympics can involve immense costs for the host country and raise issues about wastage of resources. However, proponents argue that there are also potential long-term economic benefits through tourism, job creation, and improved infrastructure if events are properly planned. While facilities may go underused after events, legacy planning could allow venues and transportation improvements to benefit local residents. Overall, efficient allocation of resources through socio-economic planning could mean hosting international sports does not necessarily equate to wastage and may provide economic, social and cultural returns for countries.

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    07/12/2021 Is hosting

    international
    sports events
    simple a waste of
    resources?
    Name: VEERAMAH Dilesh

    Grade 13 E
    The concept of international sports refers to sport when the participants are
    representative of at least two countries. Some well-known international sports events
    include the Olympic Games, The FIFA World Cup and the Paralympic Games. Hosting
    an internationally prominent sporting event invites the global spotlight but also
    brings about great risk for a country in the form of wastage of resources. For there
    are several divergences on this contentious issue, it would require quite a profound
    diagnosis to strike a consensus.

    International sports events are sometimes criticized on the grounds that they lead to
    wastage of resources in the form of immense financial commitment for a particular
    country. There are several elements of costs associated with such events including
    the cost of building stadiums. Hosting major sporting events such as the Olympics
    can cost substantial amounts, which have to be financed out of taxpayers. It is also
    important to highlight that such costs can be incremental over the years. For
    example, the Montreal Olympics had an approximate cost of $ 120 million in 1970
    which rose to $ 310 million in 1973. Added to it, major sporting events have to
    implement high levels of security. This can be extremely costly and restrict freedom
    of movement of local citizens during games.

    Besides that, such events usually last for a very short time period. This implies that
    many facilities constructed may never fully be used again. This would be a form of
    wastage of resources in the country. For instance, an 80,000 athletic stadium is less
    likely to be used outside of the Olympics. Although this wastage can be mitigated
    through careful planning, there have been many cities which failed to plan for the
    legacy of the Olympic and were consequently left with unused giant stadiums. A
    popular example is the Olympic pool in Rio which was left abandoned after the
    Olympics and Paralympics after 2016.

    Nevertheless, it can be contested that economic benefits are one of the main
    arguments used by leaders of a host nation to justify the huge expenditure
    associated with organising international sporting events. In other words, this is why
    countries take the risk of spending huge amounts on such events. The global sports
    industry is worth up to $ 620 billion today. With growth that is faster than global
    GDP, its long-term prospects appear strong. As such, there are myriad forms of
    revenue that can be derived from sport events. This can take the form of sale of
    merchandise, tickets, and food commodities to fans or tourists.
    International sporting events can be form of long-term investment. The host country
    will benefit from a legacy of improved sporting venues. In addition, there will also be
    substantial investment in infrastructure and transport to cater for an influx of tourists.
    For example, there has been significant investment in public transport projects
    around London. This has left a lasting legacy for the residents of London, especially
    East London. After the 2012 London Olympics, the east of London has benefitted
    from improved public transport. In this sense, this major event has lead to an
    efficient allocation of resources instead of driving a wastage.

    Apart from that, with prominent sporting events come a high degree of socio-
    economic planning. Years of planning and investments will aid in the creation of job
    and provide several career opportunities to the citizens of a country. This can
    subsequently revitalise economically depressed cities. A typical example is the
    London Olympics in 2012 which was estimated to create 8,000 full-time jobs and lead
    to a boost in economic activity and performance of approximately £ 2 Billion. This
    suggests that with higher planning, wastage of resources can be avoided and hence
    lead to more efficient allocation of the productive resources of a country such as
    labour.

    All in all, it can be said that hosting international events can provide several
    economic, social and cultural benefits which suggest that such events may ultimately
    lead to an efficient allocation of resources. This view though, is not immune to the
    controversy and turmoil that seems to be everywhere in our world today. While the
    international sporting industry is one of the most popular and sought-after industries
    worldwide, it is important to carefully plan tremendous investments and
    expenditures so as to mitigate the problem of wastage of resources.

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