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The Legacy of the Olympics: Economic Burden or Boon?

August 2012

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Classroom Edition

Jul 23, 2012 Is It Worth It?

By Andrew Zimbalist, Finance and Development, March 2010, 47(1), pp. 8-11.
The economic and noneconomic value of hosting a major event like the Olympic Games is complex and likely to vary from one situation to another. Simple conclusions are impossible to draw. The bidders for the next Summer and Winter Olympics in 2020 and 2022 would do well to steer clear of the inevitable Olympic hype and to take a long, hard, and sober look at their regions’ long-term development goals.

 


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