Two economic benefits are many national Olympic organizations as possible expectation is empowering in the international arena and to develop tourism, promote the image of the country.: Eg Sydney 2000 Olympics held in Australia have created around 100 thousand new jobs were created thanks to the effect of the Olympic Games, and the Olympics increased the number of tourists to Australia to 1.6 million visitors.
So many countries have tried struggle to become the host country for the Olympics. However the benefits that brings Olympic period is very small compared to the burden that the host country must bear the Olympic organization
- The cost for a race to the host country is very big at least $ 20 million next that amount must invest vaoco infrastructure: stadiums, transport, ... up to billions of dollars
+ in 2004, the capital Athens (Greece) were to host the summer Olympics. With budgets being allocated an initial $ 6 billion, but at the end, costs have to spend for the event has more than 15 billion dollars: Greece has incurred huge debts amounted to 168 billion euros,
+ Also in this year's Olympic Games in Rio, although leaving the economic crisis and the political, the largest government in decades, Brazil has spent a total of 12.2 billion dollars to organize the Olympic Games. This financial pressure has even caused the Rio city government declared a state of emergency June budget in the past and thanks to the support of rescue from the federal fund to pay pensions and salaries for civil servants
thus economic benefits of organizing the Olympic Games seems very vague. Some view that the Olympics should not be seen only in economic terms. Author Kuper wrote on ESPNFC that we misunderstand the nature of a major sporting event, it is not an economic stimulus package. Organize a sports event may increase the happiness index for the locals. Meanwhile economists have compared Matheson from Massachusetts '' Olympics as a wedding, it does not make you rich, but make you become happy ''.
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