Research Question: Do the Olympics benefit the host country economically?
In the beginning of my research I started to look into the Olympics. The Winter Olympics just ended, the Summer Olympics are on the way in two years, and Brazil was just selected to be the host country for the 2016 Summer Olympics, I thought this was an appropriate topic to research. The Olympics is a very broad topic to research. I know I needed to narrow this topic down, so doing research would be easier.
Because the Olympics is such a general topic, it was hard for me to narrow the topic down. I thought long and hard about what I should research about the Olympics. After many hours of research, I found a topic that I was satisfied with. Being a business major i wanted to correlate the Olympics with business. This is where i managed to narrow my topic down. I also was interested in this topic because Chicago was in the running to be the host country for the 2016 Summer Olympics. One of the reasons Chicago did not get the bid for the host country was because of financial issues. This is where I thought of the question, “Does The host country of the Olympics benefit economically?” I always wondered what economic impact the Olympics had on the host country. Countries dream of being the host country for the Olympics, but does it actually benefit them economically? Before doing research I would assume that the host country would make a profit, because why would they want to do something they know they will lose money in. After doing some research I discovered most countries lose money from the Olympics. In my paper I will use statistics from previous host countries and research how future host countries are preparing for the Olympics.
Precis #1
“Economic Benefits Of Hosting The Olympic Games.” Http://www.a1articles.com. 10 Feb. 2010. Web. 26 Apr. 2010. <http://www.a1articles.com/article_1388735_32.html>.
In this article, the author argues how the host country can benefit from the Olympics. The author supports his argument by presenting information on how the host country can benefit economically in the long run and also short term. The author talks about the benefits the host country can receive from the Olympics in order to explain how the exposure of the host country will gain revenue and other benefits. The intended audience is for sport’s analysts and other country’s that are interested in hosting the Olympics.
Precis #2
Koba, Mark. “The Money Pit That’s Become Hosting Olympic Games.” www.cnbc.com. 10 Feb. 2010. Web. 26 Apr. 2010. <http://www.cnbc.com/id/34844120/The_Money_Pit_That_s_Become_Hosting_Olympic_Games>.
In this article, Koba argues that hosting the Olympics will cause a net loss financially. Koba supports his ideas by showing financial statistics from past host countries. Koba shows financial statistics in order to show evidence that the host country loses money instead of making profit. The intended audience is for the accountants and finance department of the Olympics.
