The cost of hosting Olympics and other mega sports events is substantial. These costs have made economist to be quite skeptical of the economic benefit of hosting such events. For example, in 1996 Atlanta spent over $5.1 billion to host the Olympic game. The host government is made to forego planned investment to concentrate on building new stadiums. Besides, the budget deficit swells before hosting the international event. Thus, the willingness of governments to subsidize sporting activities draws criticism and praise from different quarters. It is widely acknowledged that Olympics promote country’s exports. According to the International Olympic ...
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Over the years there have been numerous debates in regards paying college athletes for the money they bring to their colleges, due to their athletic greatness. Over time, what started as simple competitions organized by students, has become an entire enterprise that strives to provide sports entertainment, in return -of course- for increased revenue. Students used to go to school to get educated and only took part in the aforementioned competitions as a leisure activity. Now, it seems that things have changed and they attend big and popular universities mainly to participate in sports, dedicate almost all their time to ...
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