5 Positive Impacts the Beijing 2008 Summer Olympic Games will Have on China’s Economy
Are the Olympic Games really good for the local economy of the host city/country?
Indeed they are.
1. Business will boom leading up to the Games. Think construction projects, tourism and service industry preparations.
2. Business will boom during the Beijing 2008 Summer Olympic Games. Millions are expected from within China. A half million from outside of the country.
3. There is sure to be some residual benefits as well as people hang around after the Games.
4. Some will go home and tell family and friends about their experience in the Middle Kingdom and encourage them to make the trip as well. Others will tell folks how unpleasant the experience was and they will NOT go. It doesn't make any difference as long as more go than would have. The service industry will reap the benefits for a long time to come.
5. Beijing is building nearly 20 stadiums and gymnasiumas for various Olympic events. They will serve:
a. as centers for the public for cultural entertainment activities
b. as training bases for athletes
c. venues for sporting events
d. places of employment
The Games will not only serve the Chinese economy leading up to 8-8-08, but will have an impact, a positive one, on the country's capital for some time after as well.
What do you think?
Leave a comment!