My hypothesis is that : Major sporting events create economic stabilisation in its local economy.
This is because infrastructure is enhanced and developed prior to the event, it encourages businesses to invest and expand in that area which creates job opportunities for locals and increased visitor numbers who spend money in the community, helping its economy. Its effect is long-term as after the sporting event ends, the host environment is left with developed infrastructure and better facilities.
Any thoughts regarding the subject?
Thanks!
This is because infrastructure is enhanced and developed prior to the event, it encourages businesses to invest and expand in that area which creates job opportunities for locals and increased visitor numbers who spend money in the community, helping its economy. Its effect is long-term as after the sporting event ends, the host environment is left with developed infrastructure and better facilities.
Any thoughts regarding the subject?
Thanks!
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