Problematizing An Event

Problematizing An Event

Introduction

Olympics are indeed one of the most significant international events featuring winter and summer sports, organized after every four years. Thousands of athletes participate in variety of different sports. The Olympic Games are the most famous and well reputed games that encompass the participation of more than 200 nations. International Olympic committee, IOC, is the major and official governing body of the Olympic Games. The International Olympic committee has frequently been criticized for being an obstinate association. Criticism from various dimensions has been boldly faced by the committee.

The article documents subjective analyses of the methodological process regarding the economic effects of Olympics on host cities organizing and financing it. It deals with the economic issues arising in host cities due to Olympics.

Discussion

The selection process has been targeted with criticism very often and several confrontational claims have been a recurring theme in history for the selection of certain host cities. At the same time as the Olympic Games are serving as the incredible sight for majority the people in different part of the world, the people living in host cities experience mixed feelings.

The charm of hosting Olympics can be very prestigious for the country itself, but this is usually accompanied by the problems that the population of the country has to face.

Economic Effects On Host City

Olympic Games escort to the issue of over-indebtedness of the relevant host cities and this increases pressure on the tax payers as they are destined to pay for it. The foremost thing due to which this criticism raised is allocated to the fact that prior to the event extensive amount of money has to be invested in order to host the international level event (Preuss,2004).

Olympic Games focus global consumer expenses in the host city in the same way that These strenuous self-sufficient expenditures incremented by public resources from the national government and federal state encompasses the major fraction of the investments required in the host Olympic city (Ungar,2000). The finances stanch from the customers and consequently the tax payers. In order to figure out the amount of investments that in debts a country/city owing to the hosting of Olympic Games, two major distinctions should be made. The investments needed to host Olympics should be divided into the games related investment and not-games related investments.

The games related investment is of course done by the OCOG but the other investments that actually ...