Provide a 7 pages analysis while answering the following question: The London Olympics. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. This paper will address the question if the Olympics will have a long term impact on London giving specific focus to both the advantages and disadvantages of the event.
Evidently, the 2012 Olympic Games revealed some possible advantages and disadvantages of hosting such a mega event. The event made the UK the center of attraction during the episode and there was £2bn in tourism revenue. However, the disadvantages of hosting cannot be undermined. In addition, we will also attempt to identify the disadvantages and give a report of them so that we can calculate the real usefulness of the 2012 Olympic Games.
First, we will present the advantages of the London 2012 Olympics. The advantages will be divided into short term advantages and long term ones. We will present them and will give a short account of those long term and short-term advantages in order to recognize and understand them better. According to many specialists and experts, the main advantages for London include: the Olympics added significantly to UK Gross domestic product (GDP). the Urban regeneration, boosting participation in sport in the UK, housing improvement, Transport improvements, increasing tourism, and creating new jobs. These are the most obvious advantages of the London 2012 Olympics. A short description of the above-mentioned advantages will be given in the next paragraphs.
As per reports, the Gross domestic product (GDP) was about $2.5 trillion. and the UK government spent around $20 billion over a period of 7-8 years for hosting the Games. and the amount spent for the games represents about one-tenth of 1% of GDP1. The Olympic facilities built up were expected to generate a big return in the future. The strategic objectives of the game included “maximization of economic, social, health and environmental benefits” through ‘sustainable development in East London’.