Circus Maximus
The Economic Gamble Behind Hosting the Olympics and the World Cup
by:
Andrew Zimbalist
in:
Economics
Summary:
The book critically examines the financial and economic implications for cities hosting mega-events like the Olympics and the World Cup, highlighting the often burdensome costs, political maneuvering, and questionable long-term benefits for the host locations. It provides case studies and data to challenge the purported economic advantages, revealing the complex realities and potential pitfalls of hosting such global sporting events.
Key points:
1. Economic Overestimation: Zimbalist notes that the expected economic benefits of hosting events like the Olympics are often exaggerated, with actual gains being much lower.
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