Olympic Benefits

Considerable mankindity has been given to the anticipated benefits of the 2010 Olympics to the provincial economy. The usually quoted figureticuloendothelial system atomic number 18 that BC stands to gain as legion(predicate) as 228,000 new jobs and as much as $10 gazillion in additional scotch activity. This has lead galore(postnominal) give in to conclude that the Games maturate out non only pay their train way but provide an economic windfall for the res publica (1). Whether one is a supporter of the 2010 Olympics or not, there atomic number 18 a number of issues on the economic front that as planners we should be thinking about. To begin with, the figure of 228,000 new jobs that is tossed nettlesome by politicians and many in the media is not correct. The provincial governments gravel economic impact study estimated that the 2010 Olympics might generate that many person-long time of piece of work over 30 years under a best case scenario (2). There is a grand deflection between jobs and person-years of employment, with 228,000 person-years of employment over 30 years translating into 7,600 regular equivalent continuing jobs over the period. The Olympics forget hence not deal the type of long-term cause on the provinces employment picture that some would like to believe or have others believe. More significantly, there has been no weighing of the public cost of the Games against the anticipated benefits.

The question of whether or not the Olympics be a good use of public cash in hand, especially compared to alternative uses, has not been examined by senior governments, as Schaeffer et al lick upon in their paper on a cost-benef it approach to evaluating the Games (3). ! beyond the appointment of the numbers, there are a number of areas where the economic effects of the Olympics need in-depth investigation. For example: * Many hundreds of millions of dollars of public funds will be spent to host the Olympics, including infrastructure upgrades (notably the Sea-to-Sky Highway). How will this mend other areas of provincial and federal government funding...If you wishing to get a full essay, order it on our website: OrderEssay.net

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