File Size: 3663 KB
Print Length: 226 pages
Page Numbers Source ISBN: 0815727240
Publisher: Brookings Institution Press; 2 edition (February 2, 2016)
Publication Date: February 2, 2016
Sold by: Digital Services LLC
Language: English
ASIN: B01B11TREQ
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Enabled
Best Sellers Rank: #436,021 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #49 in Kindle Store > Kindle eBooks > Business & Money > Economics > Public Finance #159 in Kindle Store > Kindle eBooks > Business & Money > International > Economics #193 in Books > Sports & Outdoors > Miscellaneous > Olympic Games
This is an extremely well written book that relentlessly and completely gives the lie to the oft-spoken idea that large sporting events like the Olympics and World Cup are economic gold mines for host cities or countries. Simply put, they aren't. But it's worse than that. Andrew Zimbalist uses facts, pertinent economic explanations, humor and irony to explain how host cities are nearly all left with economic disasters after the Olympics and World Cup leave town, taking most of the financial gain with them. The book showcases the sometimes insane euphoria, and big cash, that goes into bidding for world class sporting events with promises of increased tourism during the games that extends after the games, increased cache and economic preimenance that go along with hosting such events.Zimbalist does a fantastic job of explaining that the Olympic Games don't even bring more tourists to a city while they are happening, let alone for years afterward. London actually had fewer tourists in the Summer of 2012. As for the supposed cache attached to host cities, this book explains it can all go bad if there is a terrorist attack, protests, or, as in Brazil, deaths associated with the construction of venues.And the book showcases how the 'legacy' of hosting these events can often turn into a public relations nightmare when, like Athens and Beijing there are rotting stadiums that scar the landscape, or, like Sochi, you leave an impression of an infrastructure mess.
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