This website uses cookies to ensure you have the best experience. Learn more

Beijing Olympic Economy Essay

1550 words - 6 pages

On July 13, 2001, Beijing delegation of application for organizing the Olympic Game made its last statement in Moscow. Deng Yaping, the image messenger for applying for the Olympic Games and famous Ping-pang player, stated in her report,“in the torch relay in Sydney, a little boy came up to me, when he touched the torch, his eyes immediately became bright. I can feel that at that time his whole life has changed…”

Someone sums up Deng Yaping’s statement as: The Olympic Games can change the whole life of a person.

Someone further inferred: The Olympic Games can not only change the whole life of a person but also can change an enterprise, change a city and even change a country.

The Olympic economy, as its name said, is the economic phenomenon brought by the Olympic Games, and its essence is economic behavior caused by the commercial operation of the Olympic Game and the considerable economic benefits brought to the host city. Thus making the current Olympic Games become the world focus for which many countries, regions and cities are contending. Of course ,the analysis of this economic benefits is not only confined to how much money the host country can make from the Olympics itself, but also refers to the economic development process of the host city or the host country.

I. The economic characteristics of the Olympic Games coverage.

Periodicity
It is generally thought that the periodicity is 7 years, i.e., from the time of successful application to the time of hosting, the period is 7 years, during which the economic phenomena such as influence, focus, development, benefit, etc. have the obvious periodical characteristics.

Effectiveness for a given period of time
Economic development is restricted by the speed factor, the periodicity of the Olympic economy determines its obvious effectiveness within a given period of time, i.e., it is demanded that the fast development space and profits should be gained within a limited period of time.

Stipulating
The operation of the Olympic Games has its commercial operation rules, it uses the method of giving after fetching, mutual reciprocity and mutual benefit; it gives some economic benefits to the host city, at the same time it has strict control on the market development of the host city. Therefore, to develop the Olympic economy, we should not only follow the operation rules of the IOC (International Olympic Committee), but also fully utilize the added value of the rules to develop our own economy.

Demanding
The Olympic economy has the demanding characteristic; its economic phenomenon with clear sector, clear level and clear market is determined by the demand. For instance, the clear sector mainly includes the infrastructure construction, environment improvement, tourism service, electronic information industry, etc. The cleat lever mainly includes those of IOC rules, OCOG administration, the city and the market. The clear market is mainly includes the preparatory market...

Find Another Essay On Beijing Olympic Economy

effects of olympics Essay

1012 words - 5 pages advantages of hosting the Olympics. Although the new constructions are great additions, it is disreputably challenging to find longer term uses for Olympic facilities. For example the Birds Nest Stadium in Beijing is largely unused now. Hosting the Olympics also comes along with wasted spending. The additional jobs created by the projects would not lead to longer term employment because there is no follow on work. Construction spending weakens

Azerbaijan: Bid for 2024 Summer Olympics

2533 words - 10 pages development as a country. When considering the Olympics in their current form, the stability and strength of a host country’s economy become increasingly important factors. An article from The Economist discusses the skyrocketing costs of hosting the Olympics, explaining that “the cost used to be fairly modest” compared to the 40 billion dollar cost of the 2008 Beijing Olympics and the estimated 50 billion dollar cost of the upcoming 2014 Sochi

The reality of a 'GREEN' OLYMPICS for Beijing, China 2008

4017 words - 16 pages opportunity to extend my interest and concern outside the classroom.Abstract"Green Olympics means to prepare Olympic Games in accordance with the principle ofsustainable development."--Beijing Olympic official siteGreen symbolizes life and peace and a Green Olympics is to prepare for Games in accordance with principles of sustainable development. As it is a core theme of the coming Olympics Summer Games, the Chinese Government has been adopting

Dangers for Olympics

1455 words - 6 pages reduced the number of participating nations from 120 to 81, the lowest number since 1956. Countries such as Britain and France supported the boycott, but allowed their Olympic committees to participate if they wished. Probably due to a lack of competition, the Moscow Games became the most successful for the British athletes, who finished ninth overall.And going to the Olympics before LONDON 20122008, Beijing The 2008 Games, due to be staged in

Hosting a Major Sport Event

996 words - 4 pages with the high cost beside other social conflicts. According to global policy journal the cost of Sochi 2014 Winter Olympics was £33.5bn, £11bn for London 2012, $11bn for the Brazil World Cup and $43bn for Beijing 2008 which impossible to offset the losses. Also, the lack of long-term planning leads to make some main structure abounded after the events finish. Such as, the Olympic stadium in London which the government planning to reduce the

China Central Television Tower

1864 words - 8 pages to the Chinese economy. Through high job creation, CCTV would become self sustainable and pay off within three years after the construction (Arup. 2010). This possibility was attributable to the Olympic Games held in china, since the games had an area to accommodate 100000 spectators, who had to spend much of the time contributing to the revenue increment to about 30%, while CCTV had to deal with broadcasting contributing to its pay off. The

Marketing Plan for a Beijing Property

4468 words - 18 pages , strong demand also stemmed from investment companies. Another source of demand, which should not be ignored, is real estate companies, in particular real estate development companies. In addition, China's accession to WTO and successful bid for 2008 Olympic in Beijing will keep the Beijing office price at a reasonably high level.According to the research of Cushman & Wakefield, Beijing's project rental growth for Grade A office for the coming one

Brazil Sports - An Important Part of Brazilian Culture

3326 words - 13 pages diverse cultural history. Brazil has a very successful economy as well as stability in there government (Stambulova & Ryba, 2013, p. 64). Over the years the country has done very well in the winter and summer Olympics leading to them hosting the 2016 Summer Olympics in Rio. European Football (soccer) is the face of sports in Brazil and everyone in the country unifies around it. Due to their structure of teaching, opportunities for someone to

Some first-hand observations of China in the run-up to the Beijing Olympics

1031 words - 4 pages In 2008, less than 20 years after the Tiananmen Massacre, Beijing will stage the Olympic Games. To compare this prestigious awarding of a fascist regime to that of a previous one is unfair; the 1936 games in Berlin was awarded before Hitler came to power. China today is a posterboy for fascism, a model working definition of those governments I refer to in my history class, where a one-party dictatorship employs a market economy and controls a

Impacts of Urban Tourism

1336 words - 5 pages may be considering more valuable as symbols than a tourist destination, like Hagia Sophia at Istanbul. Another strategy for putting a city on the tourist’s mental map is the staging of events, an approach that may incorporate landmark constructions. An example for this “The Olympic Games”, it has always a significant long run impact on the host country’s inbound tourism. The Olympic Games represent the key of global recognition; 4. Dennis R

Geography Westfield Coursework

867 words - 4 pages station before. However, I have proved my hypotheses to some extent, for example I found out the number of jobs received by the people in the area for Westfield; 27,000 jobs were established throughout the construction of it, which is economically positive and proves my hypothesis correct as more money is coming into the economy by tax. If people work, they must pay tax to the government, so this shows that the economy is rapidly growing as the

Similar Essays

The 2008 Olympic Games Bring China More Benefit Or Not?

572 words - 2 pages unilateral to prove the argument. Before Beijing Olympic Games, President Rogge of the International Olympic Committee said:” Beijing Olympic Games has given us a key to well know the rapid development of China in recent years." This can prove the Olympic Games bring a wealth of business opportunities to China. Whatever, Chinese economy does not fall into a slump when this driving force expires. Additionally, some strong investments after the

Do The Olympic Games Bring Benefits To The Host Country?

1116 words - 5 pages of money to build stadiums. In fact, it is just like the slogan of Olympic says: “ faster, higher, stronger.” Those are what an Olympic truly bring to the country and citizens. Olympic Games has positive influence on a country’s economy, society, and health. It has a great positive impact on a country’s economy. Firstly, it creates a large amount of jobs in hosting city(Harress, Christopher). Because hosting an Olympic is a significant project

The Effects Of An International Sports Event On The Host Country

2138 words - 9 pages Olympic as their public funding are used by the government to build these facilities (Sheridan n.d.). 2.1.3 How the Olympics affect the economy and the citizens’ welfare The host country needs large investments to proceed with the Olympic event. For example, the Beijing Olympic in 2008 had the country spending almost $40 billion on infrastructure. In addition, this investment also helped in the development of the country, such as the growth of public

Invest Bar Business In China Essay

1569 words - 6 pages and summer are long.The research has been involved in business of fast food restaurants, coffee shops, web cafés, bars which those are similar consistent to the budget of AAA Company. Finally, ample investigations indicate that to establish medium-sized bar is the better choice. Depends on the fast growing economy trend of Beijing, bar's turnover will be more than current average-20,000 USD per month.Beijing has 10.6 million permanent