StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Economic Value of Sports on National Development - Research Paper Example

Comments (0) Cite this document
Summary
Synthesis and summary Summary Book Chapter summary PART II: Event Impacts Assessment, Chapter 2- A Critical Socio-Economic Assessment of the ICC World Cup Cricket on the Hosting Caribbean Territories The chapter explores a critical evaluation of the socio-economic impact of the ICC World cup cricket in 2007 on the Caribbean countries where it was hosted…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.6% of users find it useful
The Economic Value of Sports on National Development
Read Text Preview

Extract of sample "The Economic Value of Sports on National Development"

Download file to see previous pages The chapter provides a brief scrutiny of various researches done by many researchers regarding the positive economic impact of different types of sports in the USA. Then the chapter illustrates the associated economic development of the places influenced by this major sporting event. Findings propounded that there was an accelerated growth encountered in the regional private sector, sports development, and tourism sector and so on. They also saw the establishment of several craft villages and small businesses which enriched the cultural development of the places. Apart from that, great prospects for future development were also chalked out as a spillover effect of this mega sporting event (Jordan et al, 2011, pp. 25-41). Journal article summary - The Economics of Sports Facilities and Their Communities From the period of 1950s, the main sources of stadium building for the privately owned professional teams have been the taxpayers. The team owners, as well as the associated technical personnel, have claimed that the effects of these professional games are the major enhancer of the local economic activities. But the scenario which is revealed in this paper through diverse economic logic, as well as evidences, show opposite consequences with respect to the above stated concept. It has been found that with respect to professional games, there has been a neutral effect towards the local economic development. Various reasons like substitution effects, multiplier effect and so on has been conjectured for explaining the notion. The support of public for the stadia is carried on by the demand driven by the image of the community. But the owners of the team apply a scarce supply to the improvement of the image. With this type of behavior, they fetch a significant amount of monopoly rents from the taxpayers. The paper directs towards the implementation of reforms which will be able to disperse the monopoly operations of the sports leagues when they enter into negotiation with the host communities for their teams (Siegfried & Zimbalist, 2000). Synthesis The book chapter and the journal article can be synthesized to form some concrete ideas about the economic value of the sports which leads to the national development. Both pieces of literature deal with the economic value creation in a nation. Both studies concentrate on the development of regional as well as local areas with the incorporation of the sports infrastructure development. A very general concept is that today huge money flows with sports which is one of the prime sources of entertainment and includes a strong sense of nationalism and incorporates hardcore business perspectives. The main area of deviance between the two works is that they try to reach the same point but by applying different research outlook. The research elements of the journal article pose a much stronger logical base structure by applying a complimentary theory to reach the aim that sport really adds to the economic development of the nation. Various economic factors come into the forefront while discussing the impact of sports on development which needs to be thoroughly testified with suitable data. The findings of the paper incorporate economic theories and show that the investments get attracted as well as implemented. But they also point out that it is an internal process of the sports management of the ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Economic Value of Sports on National Development Research Paper”, n.d.)
The Economic Value of Sports on National Development Research Paper. Retrieved from https://studentshare.org/macro-microeconomics/1458766-the-economic-value-of-sports-on-national
(The Economic Value of Sports on National Development Research Paper)
The Economic Value of Sports on National Development Research Paper. https://studentshare.org/macro-microeconomics/1458766-the-economic-value-of-sports-on-national.
“The Economic Value of Sports on National Development Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1458766-the-economic-value-of-sports-on-national.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Economic Value of Sports on National Development

Leadership Development Experience

The nine-month certificate program which I completed at Leadership Institute of South Puget Sound combined academic study on leadership with practical development of leadership skills. Numerous community service activities such as involvement in Employee Community Fund (ECF), being a Child haven volunteer, Christian Center volunteer and a Junior Achievement Consultant have exposed me to situations which made me apply many skills such counseling young people, and motivating them to achieve their full potential, seeking solutions with expansive thinking and application of flexibility and quick responsiveness. My involvement in Christian Center had specially sharpened my crisis management skills by participating in natural disaster m...
13 Pages (3250 words) Assignment

The Marketing Communications Strategy & Mix: Sports Company

Despite the challenges that Adidas met in the 90s from fierce competitor Nike, the company hit the rebound by the end of that decade and has reclaimed its position as one of the leading sports companies nationwide. Considering that the company almost went bankrupt at its lowest point, it managed to rise and compete once again in the market.
With Adidas’ position in the sports apparel industry, this research aims to find out and evaluate the various marketing communications strategies that Adidas has implemented over the years. Further, this research aims to be able to identify which strategy is proven to be most effective, and which did not bring the desired results.

Football is undoubtedly the most popular s...
9 Pages (2250 words) Case Study

The Economic Impact of the Emergence of China and India

... in the market. Toyota’s positioning of value for money is also apparent in its cost structure. Toyota’s operating income margin is modest enough, as apparent in the trends of its operating income compared to revenues. e. Develop a summary of the organization’s current situation, including its mission or business overview, its current competitive position, and the forces and trends in its industry. Based on this situation, you will identify three to six current opportunities and issues you believe should be addressed through the strategic-planning process. Toyota’s competitive position is supported by its positioning strategy of launching new products that stimulate demand while improving its production engineering processes, as well...
10 Pages (2500 words) Assignment

National Health Service Human Resource Planning

There are about 1500 primary care dentists who are working on a salaried basis with the NHS, in most cases employed by primary care trusts. This group of individuals was a part of the local government earlier but in 1974, they were transferred into the NHS. (Personnel Today, 2007). Starting from the year 1997 onwards, the U.K. Department for Education and Employment had allowed for additional funding of $7.2 million to ensure that medical schools are able to pay clinical academia staff the awards that have been recommended for doctors and dentists in the NHS, by the Doctors and Dentists Review Body (Beecham, 1996). This move was initiated to introduce pay parity because university employers found it difficult to pay the 3.8% incre...
14 Pages (3500 words) Term Paper

The Effect of Democracy on Chinese Development

Any country first needs to go through economic liberalization and political liberalization before finally settling into a stable democratic situation. Democracy should not at any one point be viewed as if it were socialism, but should be seen as a means of promoting economic development through accountability and protection of individual lawful rights and interests...accountability in the sense that the respective leaders are able to fight corruption, enhance social harmony, strengthen public trust and more importantly empower government institutions that are directly in touch with the people (Liu, 2008, p.1-2). Owing to the Chinese well informed and affluent society on top of having a very dynamic economy, the political change wh...
7 Pages (1750 words) Coursework

The National Drug Intelligence Center

...The National Drug Intelligence Center One of the most common crime in the United s nowadays is of drug trafficking. This lucrative business has become a trend in the American society and is increasingly becoming a threat for the state. Just before this crime could become a national issue the government of United States realized its potential and formed several intelligence agencies which would look after the drug traffickers. The National Drug Intelligence Center is the formation of government of United States in this regard. It was formed in 1993 and is operating till date. The NDIC has proved quite successful in achieving its tasks and has proved as an asset to the United States. This essay would further describe the agency in detail...
8 Pages (2000 words) Essay

Emergency Economic Stabilization Act of 2008 and How It Has Impacted the Financial Markets

Though there were objections from various quarters about the huge amounts of tax payer’s money being used in the bailout of huge corporates, the Act has been successful in moving the downturn towards a flat point and now has started slowly moving towards a recovery stage. The various programs under the EESA 2008 have played a significant role in the financial sector, housing mortgage, and banking institutions to save the institutions from complete disaster.

The Emergency Economic Stabilization Act is a huge taxpayer bailout designed to rescue the financial sector. The amount of money to be used is around $700 billion or $2000 per American citizen (Public mark up). Emergency Economic Stabilization Act of 2008 is al...
10 Pages (2500 words) Research Paper

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages (2000 words) Case Study

International Business: World Economic Forum and Davos 2010

While each force of globalization is important, the technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking applications possible are now being applied to development, healthcare, and society. Today mobile telephones are more like powerful computers that take care of many of the societal challenges facing both developed and developing countries (Evans, 2010). In Chile, new software enables weather information to farmers who can now make informed decisions on when and how to sow or harvest the crops. However, the fear or ignorance of cloud computing technology could harm the chances of the SMEs becomi...
7 Pages (1750 words) Coursework

Globalization and World Economic Forum at Davos 2010

...Globalization and World Economic Forum at Davos Forces Driving Globalization Globalization has resulted in enhanced interdependencies among thenations of unprecedented scale. This augmented interdependence has caused the dismantling of trade barriers and liberalization of markets. The forces of globalization have impacted the nations, the firms and the individuals alike with the prerequisite of liberalization of trade (Awuah, 2009). The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and the academia. Some markets are highly globalized, while some are not. The scale of market...
7 Pages (1750 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic The Economic Value of Sports on National Development for FREE!

Contact Us