Interview

Interview to Federico Arroyo

1. What is your opinion about the Olympic Games?
My opinion about the Olympic Games are great and bad, great because you can enjoy watching, but is not good because I think they bring a lot of economic expenses to the country hosting it.
2. Do you think the Olympics are a money pit?
Yes! I surely think that the Olympics are money pit because all the money that the hosting country thinks it is investing, but they are truly wasting it, Like Atens 2004
3. Interesting, how much money do you think it is expended on a Olympic game.
Well, I think that in a normal Olympic game there may be 20,000,000 dollars spent, it should be what the contry money they have to spend, they should not end in a bankrupt.
4. Do you think that the Olympics should be done again?
Even though I like the Olympic, I think that, because of the economic crisis that the world is having at this moment.

Iterview to Maria Isabel Lazo
1. Do you think hosting the Olympic Games has advantages for the economy of the country?
Yes, I think that hosting the Olympic Games has economic advantages because of tourism that the country gains.
2. Does hosting the Olympics bring disadvantages for its economy?
Yes, hosting the Olympic Games also bring disadvantages by the creations of stadiums, hotels, etc.
3. How do you think the economy improves by the host of the games?
In the creation of stadiums and hotels aren’t only for the Olympic Games. They can be used after the Olympic games as a good source of money that the country haves.
4. What are the causes of the development of the hosting country’s economy?
The cause of the economy to rise is the income that the money gains through tourist that visit the country, the money that stadiums win during and after the Olympic games, and at last the money gained by the hotels also during and after the Olympic games.
5. How much money is spent and gained from the Olympic Games?
Around $1.76 billion are spent from the host of the Olympics while $10 billion are gained from it.
6. Is there a difference between the money gained before and after the host of the Olympic Games?
If the short term and long term money flows work as planned then after the Olympic games the country gains more money than before and in that way the economy of the country rises.

Hosting the Olympics has huge benefits

Though the cost of hosting an Olympiad is high, the non-monetary benefits are huge. The most obvious benefit is the improvement of infrastructure. The money spent goes to build world class sports facilities and state of the art infrastructure. Hosting the Olympics is beneficial because it leads to the advancement of freedoms and the improvement of the host country’s reputation. An additional benefit of the Olympics is that it helps host cities and nations gain prestige, hosting an Olympiad does wonders to the country’s status. Hosting an Olympic Game increases the incomes of tourism. This helps the economy of the country. As time passes the price of hosting keeps getting higher. Making the country one of the most powerful and rich countries of the world. The Olympic Games can become a good source of money for the country. The number of visitors increases so the incomes of tourism also increase. Visitors may go to the Olympics, visit museums, stay in hotels, etc.
http://oudaily.com/news/2010/feb/22/point-counterpoint-hosting-olympics-has-huge-benef/

Economic problems of the Olympics

Immense sport events such as the world cup and the Olympics are seen as a powerful economic source for the country that is hosting it. Yet, there presence always involves enormous costs. These full-sized events can bring over 10,000 people for the month of the duration. This brings an enormous money income for hotels, restaurants, parking lots, etc. When the games are finally over all those touristic places are empty and they can get into bankrupt. Another unpleasant aspect of the Olympics is the tremendous cost for stadiums, security, and housing. Even after the games are over the doubt will continue and will lead to higher taxes on the city. In conclusion the Olympic Games just bring highly prices to the city hosting it.

For more information click on this link:
http://www.suite101.com/blog/mitchkaplan1/olympics_the_bad_and_good

Editorial

In this project we are going to demonstrate why the Olympic Games are not good for a hosting city. The games are neither good for the hosting city or country. It brings great economic expense, and it may also affect the international aspect of the country. An example of this problem is the games in Athens 2004, because until now they can’t afford to pay the expenses of the event. Another example of this problem is that Montreal which hosted the games over 30 years ago (1976) has just finished paying the stadiums! Hosting the Olympics now-a-days has become a problem.
In conclusion to this investigation, we have determined with the mentioned paragraph that hosting the Olympic Games can bring various costs and problems. The games are just a big money pit. Olympic Games are today one of the various reasons for previous hosting countries to be in bankrupt.

In the other side we have:

In this paper we will talk about the hosting of the Olympic Games benefits for the country. Hosting the Olympic Games increases the incomes of tourism. This helps the economy of the country. The ticket sales and hotel bookings get bigger and stronger. As time passes the price of hosting keeps getting higher. Making the country one of the most powerful and rich countries of the world.
The Olympic Games can become a good source of money for the country. The benefits are divided into two major groups, the short term, or long term money flows. The number of visitors increases so the incomes of tourism also increase. Visitors may go to the Olympics, visit museums, stay in hotels, etc. Then the country starts getting international attention through the media coverage. The country can use the money gained from the Olympic Games for the creation of educational youth programs. There can also be more job creations.
Hosting the Olympic Games can be seen as a “economic boost” to the country because of the high money flow you constantly get during and after the Olympic Games.

Economic Benefits of Hosting the Olympic Games

The Olympic Games can become a good source of money for the hosting country. The benefits are divided into two major groups, the short term, or long term money flows. The short term money glows are the money that the hosting country gets by visitors. Visitors may go to the Olympics, visit museums, stay in hotels, etc. The long term money flows are divided into three minor categories. The first category is the creation of infrastructure for the Olympics that meets the global standards. The second one is the routine after getting international attention through the media coverage. The third category is the creation of educational youth programs in the country using the money you win with the Olympics. There can also be more job creations for many people in the country.
A rough conclusion can that hosting the Olympic Games can be seen as a “economic boost” to the country because of the high money flow you constantly get during and after the Olympic Games.

If you want to know more about this article click HERE.

Hosting the Olympic Games

Many people just watch the Olympics every four years and enjoy it. The Olympics is not just the event, is the complete progress of the event. It includes the planning, construction, and facilities for the city, and all of this concludes to a money pit. Yes, during the Olympics the city economy grows but this doesn’t pay all the costs that they had to pay. For example Montreal that hosted the Olympic Games at 1976 has just finished paying the stadiums. The cause for this money depression is mainly the stadiums, the sport venues and the housing facilities. Although the Olympics are a great marketing tool, it doesn’t pay the costs. The Olympics are not more than just a money expending event.

For more news cilck on the webpage below

http://www.cnbc.com/id/34844120/site/14081545