Literature Review: Evidence from Past Olympic Games - Other types Example

Only on StudentShare

Extract of sample
Literature Review: Evidence from Past Olympic Games

The Olympics were financed almost entirely by Montreal city's public funds (2004).
Allan Drury stated in The Journal News (2005) that Montreal city spent huge amounts to build venues and develop infrastructure without assessing the income generation aspect. Allan Drury also stated that the Montreal Olympics were a failure not due to operational reasons but because the mayor borrowed 30-year bonds which are being paid off and will not finish paying the debt of US $ 2 billion in principal and interest till 2006.
The European Economic Outlook states that the impact of Montreal Games was such that other cities were not ready take the risk and thus deferred bidding for Olympics for some time as depicted in Figure 1.1 (2004).
But Allan Drury stated in The Journal News (2005) quoting Humphreys saying that spending occurs for constructing athletes' venues, housing and other infrastructure and the financial success of the Atlanta games could be attributed to good planning and corporate contributions. Thus unlike in Montreal the taxpayers were not asked to pay huge amounts.
According to The European Economic Out ...
Download paper


According to Kyle James, analysts divided the Olympics economics into three phases namely pre-game, game and post game. While the city benefits from tourism and construction activity in the first phase, during the second phase revenue can be generated from sale of tickets, sponsorships, generation of Olympic related temporary jobs, revenue to hotel industry, restaurants and local businesses due to arrival of foreign tourists etc., and the third phase as cited by Markus Kurscheidt, a sports scientist is the time when the games are over and problems start…
Author : rhauck

Related Essays

Olympic games and Chinese economy
Next year, that distinction belongs to Beijing, an ancient city north of China, which is in the forefront of China's surging economy and the center of its political power. In the history of the Olympic movement, China is only the third Asian country - after Tokyo in 1964 and Seoul in 1986 - to host the prestigious Games. The International Olympic Committee chose Beijing over several other aspirants that included Toronto, Paris, Istanbul, and Osaka. The cities of Bangkok, Cairo, Havana, Kuala Lumpur, and Seville also submitted bids to host the Games, but failed to make the shortlist in 2000....
9 pages (2259 words) Essay
Business and Economics of the Olympics Can Ireland Benefit from the London 2012 Olympics
Research has shown that those bidding countries that do extensive pre-planning, including those that secure financial backing from private enterprise and corporate businesses so as to not directly enter into agreements to obtain funding from city coffers, have successful Games as there is no direct involvement of the public's money. By also utilizing many of the buildings, like in the Calgary Winter Olympics, for training centers to accommodate future Olympic athletes and open them up for public use, these facilities will also continually fund their operation. As in the example of the Olympic...
18 pages (4518 words) Essay
The Significance and Impact of the Olympic Games
which were core elements of Greek military training (Wilson, 2000). The games were considered of such importance that thousands of people would turn up to see the games even when there is war like situation in the region. During such sporting events, all concerned were bound by the Olympic spirit and allowed competitors to travel safely to the venue of the games. This spirit has continued over the years. The ancient games continued till about 393 BC when they were banned, but the sporting spirit once again made sure that another edition of the games began in late 19th Century AD. The history...
12 pages (3012 words) Essay
Critically analyse the International Olympic Committee, politicaly and memebers' corruptions
The escalation in the price of broadcasting rights for sport is the single largest factor affecting the global sport business....
12 pages (3012 words) Essay
Dissertation:Marketing in the Olympic Games:What are the active effects of 2008 Olympic Games of China Economy?( part2)
Saunders, Lewis and Thornhill also state that: “….your research philosophy depends on the way that you think about the development of knowledge.” (Saunders, Lewis and Thornhill, 2003:83). The literature review, as presented above, has provided quite a lot of knowledge about the economic impact of the Olympic Games in other cities that have previously hosted the Olympic Games. In this study, the research philosophy that I have chosen is positivism, according to which the major thrust of the study is the collection of secondary data which is used as the basis upon which conclusions are...
10 pages (2510 words) Essay
Social and Economic Impacts on Communities of Hosting The London Olympic Games 2012
This study therefore examines the social impact of host communities staging major sport events with a specific examination of the upcoming London 2012 Summer Olympic and Paralympic Games....
20 pages (5020 words) Essay
olympic 2012
The purpose of the study is to determine whether or not a net benefit, either from economic gain or legacy, or both, is likely in the case of the London Olympics....
10 pages (2510 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!