The Olympic Games And The Economic Development On The Host...

Literature Review The Olympic Games and the impact on the infrastructural development on the host country The Olympic Games is known today as the most visible and spectacular International Public Event. Over the last 20years, the Games have experienced unparalleled growth and universal popularity. The first modern Olympics held in Athens in 1896 attracted 311 athletes from 13 countries. In 2000, the Sydney Games involved 10,651 athletes from 199 countries, with ticket sales of 6.7 million and another 3.7 billion watching on television .In addition, the IOC and the Sydney Organizing Committee for the 2000 Olympic Games (SOCOG) generated about US$3billion during the period 1997 – 2000 from the marketing of the Games. The estimated budget for Athens 2004 Games was â‚ ¬4.5billion, however, the final expense topped â‚ ¬11billion .The Games in Athens 2004 provided the city with an excellent opportunity to present itself globally as a modern, well designed and well run metropolis with modern facilities and infrastructure symbolic of quality of life and economic investment. China on the other hand invested about $40billion in infrastructure alone from 2002 to 2006 . In addition, the Games had a tremendous influence on Beijing’s economic development, environment, advertising, television, internet, mobile phone, clean energy and sports sectors .This Games also led to the development of 25 historic areas in Beijing, which includes: many of the city’s landmarks, old streets and imperialShow MoreRelatedThe Effects Of Post Olympic Games On The Olympics1118 Words   |  5 Pages‘Bubble economy’ is the third reason of the ‘valley’ effect of post-Olympic Games. 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