IOC SOCIOECONOMIC IMPACT OF OLYMPICS PAGE 1. IOC International Olympic Committee Socioeconomic Impact of Hosting the Olympic Games

Similar documents
Learning from experience: How hosting the Olympics can leave a positive legacy

2016 NATIONAL SPORTS LAW NEGOTIATION COMPETITION ROUND TWO. Bump, Set, Spike GENERAL FACTS FOR BOTH TEAMS

R. M. Nureev, E. V. Markin OLYMPIC GAMES ECONOMICS


Lesson 2: Challenges associated with the organization of major events

City as a Cultural Economy

What did the World Student Games do for Sheffield? The 1991 Games as the catalyst for the regeneration of Sheffield

Some questions about evaluating the urban legacy of Olympic Games

Major sports events Are they worth the money?

PRO/CON: Should the Olympics stay in one place?

Marginal Benefit of Hosting the Summer Olympics: Focusing on BRIC Nation Brazil (Rio 2016)

HOST The C. Preparation of a city for the 2014 FIFA World Cup. Host City: Natal

Progress with the Road Investment Strategy

Olympic Scholarships for Athletes Beijing 2008

PART 1: INFRASTRUCTURE OPPORTUNITIES

Denver, Colorado USA. Olympic and Paralympic Winter Games Exploratory Process January-March 2018

SA economic review Kevin Lings. August 2018

Business Plan Presentation

Prokopios Chatzakis, National and Kapodistrian University of Athens, Faculty of Physical Education and Sport Science 1

Host Town Initiative

Which Aspects are able to Influence the Decision in Case of the Bids for the Olympic Games 2024?

India: Can the Tiger Economy Continue to Run?

We Finally Won Something! How Special Events and the 1996 Olympics Contributed to Georgia s Economic Growth

Another Big Dig: Establishing a range for the cost of a Boston Summer Olympics

Economic Impact Analysis on Olympic Host- Cities

The Emotional Factor in a Bid Presentation

Investing into football passion: The effect of the World Cup in Russia

Euro 2012 economic impact on host cities in Poland

LONG-TERM LEGACY AND IMPACTS

International Olympic Committee Background Guide

Sustainable renewal in the Olympics. A question of legacy.

Olympic legacy What chance has the London Olympics of leaving real benefits that stand the test of time?

Workshop 7 Master Plan for the 2014 FIFA World Cup Brazil

Mega-Sporting Events and Human Rights

October 2016 The public opinion survey on the Tokyo 2020 Olympic and Paralympic Games Aggregate results

Squash 2020 Olympic Campaign WSF AGM, Rotterdam Mike Lee OBE 4 November 2011

RISI LATIN AMERICAN CONFERENCE. (São Paulo, 16 August 2016) The Latin American Economy: Some Successes, Many Disappointments

THE PERRYMAN GROUP. The Economic Benefits of the Precision Dance Industry Inspired by the Kilgore College Rangerettes

ENVIRONMENT AND SUSTAINABLE DEVELOPMENT UPDATE FEBRUARY 2008

The challenges of hosting major events owned by International Federations. - The 2014 Chess Olympiad

Engaging. 503 transfers. 1,263 transfers. Big 5. USD 2,550 million. USD 461 million. Releasing. 1,126 transfers. 5,509 transfers. RoW.

Government finances A long term assessment. Presented by Edwina Matos Pereira

ELCR advances the conservation of land for horse-related activity. Equine Land Conservation Resource STRATEGIC PLAN

Avoiding the Blind Alley China s Economic Overhaul and its Global Implications

Report to COUNCIL for decision

Positive Effects of Sports Events: From Exaggeration to Reality

The Herzliya Conference The Economic Dimension Prof. Rafi Melnick Provost, Interdisciplinary Center (IDC) Herzliya

Zhang Shuguang. The Development of Community Sports Facilities in China: Effects of the Olympic Games

EMBARGOED UNTIL 00:01 THURSDAY 9 AUGUST 2007 RESEARCH NOTE 17 HIDDEN COSTS OF 2012: CONSTRUCTION INFLATION TO COST 4 BILLION

Statement for German Parliament by IPC President Sir Philip Craven

the golf industry is feeling pretty good about itself.

TO: FROM: SUBJECT: RECOMMENDATION

Although only 15.0% of the transfers involved a fee, global spending on transfer fees 2 during this one month period was USD 1.28 billion.

Transport and mobility management challenges for the world largest mega-event: 1992 to 2012 Summer Olympic Games

How Olympic Shooting Competitions are Organized and What This Means for Youth Shooting By Gary Anderson, DCM Emeritus

The first Deliberative Poll in Poland

Long-term impacts from major sporting events myths and facts

Original Article. Five years after Universiade 2005 Izmir Games: Tangible and Intangible Benefits of the Games for the City of Izmir and Turkey

EXECUTIVE SUMMARY Cost and Revenue Overruns of the Olympic Games Prof. Holger Preuß Prof. Wladimir Andreff Maike Weitzmann

Fiscal Impact of SunTrust Park and The Battery Atlanta on Cobb County Executive Summary Sept. 18, 2018

Private-Public Partnership. Presentation to Metropolitan Council October 2, 2017

TR A N S P O R TAT I O N READY TO GO

Report of the IOC Evaluation Commission for the XXI Olympic Winter Games in 2010

Statement of the World Forum of Fisher People To the FAO Conference on Small Scale Fisheries, Bangkok, 2008

Dr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin

Contents. Preface Contents Legal Declaration Document Sources Definitions and Interpretations Overview...

Bid Procedure for the Games of the Olympiad of 2012

Prepare 2008 Olympic Sailing Events. Sailing Sub-committee of BOCOG Qingdao

ZIG ZAG SPORTSWALL BY EXERCISE TECHNOLOGIES

2.11 The need for transparency and monitoring ahead of the 2018 World Cup in

YouGov / ITV Survey Results

VANOC Vision, Mission & Values

COUNTDOWN TO RIO 2016: TWO WEEKS LEFT TO GO

The Effects Hosting an Olympic Games has on the Host Nation's Economy

Grand Haven Charter Township. Facts and Trends Affecting Grand Haven Charter Township January 2017

PROGRAM TO SUPPORT INTERNATIONAL, NATIONAL AND METROPOLITAN SPORTING EVENTS PROGRAM. Metropolitan sporting events. Bids for sporting events

The Baltic economies: Current situation and future trends, possibilities and pitfalls

COMMENTS ON THE INDUSTRIAL POLICY: THE CASE OF TURKEY

The Economic Benefits of Hunting and Fishing Activities in Alberta in 2008

Authority to Enter Into Bid Agreements for the 2026 FIFA World Cup

The Politics of Olympic Transportation Planning: The Case of the 1996 Atlanta Summer Olympic Games

A NOTE ON THE SIMULATION

Olympic Agenda th IOC Session. 5-6 February 2014

BID GUIDELINES 2019 ASPC FORUM ON ELITE SPORT

Organized Session 3: Protectionism and BRICS economies

Empty Promises: The IOC Olympic Games, FIFA Men s World Cup, the Displacement of the Disadvantaged and the Illusion of Economic Advancement

Composition of Federal Spending

2017 Major Projects Pipeline Report Adrian Hart, Senior Manager Infrastructure & Mining

Launch Quiz. BEN 18 The Business of the Olympics. Discussion Questions. Transcript

PyeongChang 2018 SPM ASSIGNMENT. M. Rehan Asghar. Roll # BSSE

Shaun Poole - Communications

HELP US CONTINUE TO MAKE A DIFFERENCE

London Organising Committee of the Olympic Games and Paralympic Games. 14 June 2010

UCI PARA-CYCLING ROAD WORLD CHAMPIONSHIPS INFORMATION FOR ORGANISERS

Story Headline: One year on from the Olympic Games Rio 2016: What is the legacy? 00:01 Far shot of the Cristo do Corcovado in Rio de Janeiro

5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry

An overview of Turkey s developmental journey: full side and empty side of the glass

Olympic Preparation Work of Beijing Capital International Airport. April, 2008

Did You Know? The first Olympic Games was held in 776BC. An illustration of the Ancient Olympic Games. Teaching Packs - Ancient Greece - Page 1

AFTER SOCHI 2014: COST AND IMPACTS OF RUSSIA S OLYMPIC GAMES INSIGHT SOCHI THE BUILDING ECONOMIST - SEPTEMBER

Transcription:

IOC SOCIOECONOMIC IMPACT OF OLYMPICS PAGE 1 BACKGROUND PAPER: IOC International Olympic Committee Socioeconomic Impact of Hosting the Olympic Games INTRODUCTION: Brazil has been and will be under the spotlight of the International media. The recent publicity regarding the 2014 FIFA World Cup and the upcoming 2016 Summer Olympics in Rio de Janeiro has put Brazil's economic preparations and actions under scrutiny. The nation has faced issues dealing with budget allocation and financial planning as well as several thousands of Brazilians being forcibly displaced from their homes. The IOC must analyze the current situation and update the Olympic Charter in order to prevent socioeconomic instability for future games. CURRENT STATUS/BACKGROUND: Brazil has undergone dramatic socioeconomic changes in the last decade. After falling into a brief recession, and quickly recovering, Brazil soon became one the 10 largest economies internationally. In light of the nation's progress they were chosen to host both the World Cup and the Olympics. Brazil set a budget for $13.3 billion for the Rio Olympics, much of which was intended to be spent on public works projects in the surrounding areas. Brazil's population was explicitly told that money spent on venues would be funded privately, while all infrastructure projects would be

IOC SOCIOECONOMIC IMPACT OF OLYMPICS PAGE 2 government expenditures. The Brazilian Government however has strayed far from this promise and has spent a large majority of the budget on constructing stadiums. Citizens have already begun protesting against the unlawful allocation of funds. The Olympic games are not the economic revitalization project the Brazilian Government lead its people to believe it was, but merely a high profile social event. The games are projected to provide only temporary jobs and a brief spike in tourism, which will mainly benefit the wealthy. Major projects like the Trans Olympic Highway in Brazil are the root of more problems other than just being extremely costly. Major construction like the highway is causing the displacement of thousands of Brazilians. Majority of those forcibly moved are residents of favelas, or slums. These citizens are either not well educated enough to legally challenge the government regarding their displacement or aren't financially capable. The preparations for the 2014 World Cup already removed 170,000 Brazilians from their homes and it is projected that another 30,000 people will be evicted due to Olympic related construction. The Olympic Charter already calls for a certain amount of financial planning in order to apply for candidature to host the games. Obviously the rules and bye laws presented are not adequate in keeping the host governments on track. BLOC POSITIONS: Host countries are greatly affected by the economic and social spotlight they receive from international media. By analyzing the preparation and planning process of famous host cities, the IOC can gain a better understanding regarding changes that may need to be made in the Olympic Charter.

IOC SOCIOECONOMIC IMPACT OF OLYMPICS PAGE 3 One of the most economically unsuccessful Olympic Games was in Athens, Greece in 2004. After spending $15 billion ($9 billion over budget), Greece was left with 21 vacant Olympic venues and an exorbitant amount of debt. After 8 years Greece finally went bankrupt. It was obvious that the lack of financial discipline during the Olympic Games was a major factor in the debt crisis. Greece poured money into both public works projects and venues. Unfortunately the development of roads and airports was not enough to counteract the amount of capital lost. Probably the most expensive and most corrupt Olympic Games is the 2014 Winter Olympics in Sochi, Russia with a total expenditure of $50 billion. The first financial red flag was the location. Sochi has a subtropical climate and building venues to hold winter sports in those weather conditions was a costly and strenuous process. Many venues had to be built and rebuilt to accommodate for the weather. Secondly, all public works were negligently constructed, surrounding bodies of water were polluted, newly built sewage pipes burst, and local villages were torn apart for industrial usage. These environmental oversights destroyed homes and villages, forcing 2,000 individuals to relocate and left many without a reliable source of water or transportation. With such unsuccessful public works projects and practically useless venues, there is almost no chance that Russia will be able to recover their $50 billion. The country guiltiest of displacing their citizen for the Olympics is China. The 2008 Summer Olympics in Beijing forced a total of 1.25 million people to move out of their homes. None of the evicted citizens were properly compensated, and protesters were beaten and jailed. China rejected any pleas against the human rights violations and continued with the games.

IOC SOCIOECONOMIC IMPACT OF OLYMPICS PAGE 4 The 1992 Summer Olympics in Barcelona was one of the most rationally and successfully planned games. The city was totally transformed to accommodate for the games in a way that the changes would benefit Spain years after the games had ended. A cosmetic upgrade of the coastline, enhanced railway and airport systems, and new roads and sewage systems provided a total of 20,000 permanent jobs in Barcelona. The Olympic Venues still host concerts and events even today and Spain continues to generate income from the Olympics they hosted 20 years ago. COMITTEE MISSION: The purpose of this committee is to make amendments to the Olympic charter. These amendments should ensure that the host country will not encounter the financial instability caused by inadequate allocation of funds and political misinterpretation. The charter should also establish an explicit set of regulations regarding the displacement of civilians and human rights violations. The primary goal of the IOC is to target the pressing issues in Brazil's preparation for the upcoming Olympic Games, and codify the charter to prevent such obstacles from taking place in the future. The Committee can also consider the increased or decreased role of NOCs and IFs in the financial planning in the Olympic games. The NOCs are an important voice in the groundwork of the games and their involvement is a crucial aspect in the effectiveness of the host country. QUESTIONS TO CONSIDER: 1.) Has your nation hosted the Olympics before? If so, how have the games financially impacted your economy? 2.) If your nation is looking to host the games in the future, what kind

IOC SOCIOECONOMIC IMPACT OF OLYMPICS PAGE 5 Amendments regarding finances would help your country to reach that goal? 3.) Would hosting the Olympic Games be a danger to your country's citizens? How can the people negatively affected by the games be properly compensated? What measures in the planning stage should be taken to avoid this situation all together? SOURCES: Olympic Charter Huffington Post New York Times Al Jazeera http://sevenpillarsinstitute.org/case studies/financing ethics and the braz ilian olympics http://bleacherreport.com/articles/1663701 the social cost of brazil hosti ng world cup 2014 http://america.aljazeera.com/articles/2014/4/29/olympics brazil rio.html