Popular events like the Football World Cup and other international sporting occasions are essential in easing international tension and releasing patriotic emotions in a safe way

Olympic Games are international sport competitions that gather athletes from all over the world. It is held every four years for summer and winter sports separately in different venues. Far beyond any other sporting gathering such as world cup, Olympic games has remarkable impacts on different spheres of activity such as economy, politics and culture of the host nation. However, there might be some negative outcomes. However, the benefits with regard to easing international tension and reinforcing economic development surpass the drawbacks.

To commence with, Olympics is subjected to bring all nations together. As a result, governments tend to emphasis peace and cooperation while Olympics going on. In other words, Athletes from hostile countries stand next to each other, even temporarily. As it is seen from ancient history, the Greeks and Romans interrupted battles to attend in the sport games. Moreover, visitors can be attracted by culture and costumes of the host nation and this will improve the tourism industry.

From economic perspective, the host country should spend a huge amount of money on constructing the Olympic village and other required facilities. Other costs involving spending on infrastructures, transportation, accommodation, food and entertainment to cater for visitors during the games. For these purposes, it is likely that a considerable number of additional jobs are created. Although, this booming activities inevitably lead to increasing cost of living and cause inflation. In spite of all these efforts for planning and preparation, due to increased demands causing by the upsurge of visitors in to the host city, the shortages may appear. Also, local people may not benefit from these economic activities but rather suffer from the consequence. Hence, some of construction costs reimbursed through thickets sold for events and broadcasting rights. Spectators spend the major money on buying of tickets and utilizing other facilities. On the whole, revenue sources surpass nation’s costs that lead to economic beneficial.

In conclusion, although Olympic occasions are highly costly and thus risky for the economy, they have been holding since their innovation in Greece for so many years. Every four years the world celebrates this event in a friendly environment to recall honor nations, no matter which race or nationality they belong to, they are all human being, sharing the same suffers and the same happiness.