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The cost of the modern Olympics far outweighs the benefits. Argue your position - Essay Example

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While many people, of course, enjoy attending the event or watching it on TV, there are others that criticise Olympics because of large amounts of public money spent by local…
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The cost of the modern Olympics far outweighs the benefits. Argue your position
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"The cost of the modern Olympics far outweighs the benefits. Argue your position"

Download file to see previous pages Santo in his article “Economic Impact of Sport Stadiums, Teams, and Events”, observes that Olympic spending is higher than any other spending on sporting events. Santo cites the following data: 2004 Summer Olympics which were held in Athens incurred $12.8 billion; the Chinese government invested up to $43 billion to host the Beijing Olympic Games back in 2008.
The government explains the reasonability of these expenditures by referring to profitability of Olympics saying that the Games serve as the catalyst of the economy. Indeed, one may definitely spot some economic benefits during the Games. These include employment of workers who will work at construction sites; they will attract numerous people from across the globe that will be enough wealthy to buy lots of thing. Besides, teams are typically sold and bought at the ...Download file to see next pagesRead More
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