The following project report is a short compilation of various positive and negative implications that a global event like the Olympics have on a particular host country. Such implications include but are not limited to economic implications, health implications and social implications. The report also provides a few recommendations which can be utilized to minimize the risks and maximize the benefits from a global event. The report makes certain references to the 2012 London Olympics and other such events to determine certain implications that a global event can pose.
A global event is essentially defined as an organized event that covers, influences and relates to the entire world. Such an event, for instance, a World Cup, Olympics, an Expo or any such related event is hosted by a particular country that witnesses participation from countries all over the world (OECD 2020). These events, though conducted for a limited duration, have a global reach and have an impact on the population and environment of the host country. Not only do such events have the ability to stimulate growth and development in a particular country, but such events can also act as a catalyst for local development and can be used to leverage various infrastructural investments, create new job opportunities, promote community development and boost tourism (OECD 2020). However, it is also important to note that such events hold certain negative aspects which should also be taken into consideration. A country, while considering hosting a global event, is required to look into such issues and weigh the pros and cons that are brought along an event of this scale. While a global event can potentially improve tourism and development, it also carries a risk of increased crime and security issues, increased disease and pollution concerns and other ecological impacts. Such events might also carry with them massive economic implications on the funds of the host country. This particular project report will carefully analyse the various impacts, positive and negative, that hosting the Olympics shortly will have on the country of the United Kingdom. Further, this analysis will be utilized in formulating various suggestions that can help in maximizing the benefits and minimizing the challenges that are held by the event.
Hosting the event of Global Olympics can have various positive and negative impacts on various sectors of a particular country. Before hosting such an event, it is important to perform an in-depth analysis of the various implications that the event holds. This process involves studying the different sectors that will get directly or indirectly influenced by the organization of such an event. Thus, this section aims to solely analyse the potential impact that the event will have from an unbiased perspective. For this project report for the Olympics in the United Kingdom, the Heath impact, Economic impact and Social impact will be taken into consideration.
It can be easily concluded from the above analysis that a big scale global event like the Olympics carries both, positive and negative implications. On one hand, such an event can improve the community life and engagement of a country, present job opportunities, create better relations between the said country and other nations along with enhancing the culture and tourism of the country. On the other hand, however, a global event like the Olympics presents various security threats, ecological threats, threat to the health of thousands of individuals along with humongous expenses which may or may not be recovered. However, it should be noted that these positive and negative implications and directly or indirectly dependent on the planning and execution carried out by the host country. Thus, with detailed planning and careful execution, the benefits from the event can be maximized and the challenges can be minimized.
Various measures can be taken in advance by the host country to ensure that they are ready to face any challenge that might be faced by them over the course of the event. Some such measures are listed below:
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