Analyzing the Costs and Benefits of Hosting the Olympics

The Costs and Benefits of Hosting the Olympics

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Ever since the first event of the modern game took place in 1896, Olympics have developed radically. The cost of hosting Olympics as compared to the revenue the event has raised in the past second half of the 20^th century has intensively grown leading to the controversy of the liability it has to the host countries (McBride, 2018). According to Robinson et al (2018), many economist are of the view that both the long-term as well as the short-term profits of hosting the Olympics has turned to be at best inflated and at worst fictional this leaves the nation that host Olympic with huge debts as well as upkeep liabilities .besides this there is a larger portion of economist who argue that there should be a reform in the…