An Olympic is an international sporting event that features winter and summer sports competitions in which thousands of athletes compete in various games.
The Economic and Cultural Benefits of Olympics
Impacts of Olympic Games to the economy of the host country Olympics games act as a source of revenue that is significant for economic growth and development for a country. They have a positive impact on the exports and development of industrialization for the host nation, and hence its reputation increases. For instance, the 1988 Olympics held in Seoul enhance industrialization of the Korean economy. It pushed Korea to be a newly industrialized country from the developing country. Furthermore, ...