Organizing the Olympic Games can lead to many positive benefits for the host countries. Identify two firms with similar problems but that are from different countries. And conduct a comparative analysis of the firms. The purpose of this paper is to study current economic cost and benefit analysis, before quantifying if and when benefits exist for the 1992 Barcelona, 1996 Atlanta and 2000 Sydney Games. To assess the economic impact of hosting the Olympics, the host state/region will be compared to a same-country state/region that did not host the Games through the examination of infrastructure, prestige and general financial growth models over a nine-year period. Apart from one section—construction—from the 1992 Barcelona Games, all models appear to show that host states/regions do not have significantly different changes in growth compared to the control states/regions.
The Olympic Games are a renowned mega event held every four years with the highest number of athletes present. People from entire world come to watch the event. Hong Kong co-hosted the Olympic Equestrian Events in 2008 which share the glory of the 2008 Beijing Olympic and Paralympics Games. Organizing the Olympic Games can lead to many positive benefits for the host country. That’s why Hong Kong would like to be an Olympic co-host city.
National identity can be fostered by a nation winning the right to host an Olympic Game (Ikhioya, 1998). National identity involves social immersion in, identification and involvement with, and loyalty and patriotic commitment to a nation (Ikhioya, 1998). It can create a sense of belongingness among members of a society, which is an important step in post-conflict reconstruction (Thomas, 2004). Waitt (2001) pointed out that the Sydney 2000 Olympic is able to generate community and national pride. Athens 2004 Olympic Games can also provide evidence of national identity fostered by evaluating the motivation of the volunteers for increased...