Some say that holding an international sport tournament provides valuable benefits to the country, whereas others argue that it is detrimental to the nation. I personally agree with the first view as hosting such events can be a substantial opportunity when handled with consideration.
Hosting a global event can be seen as harmful to a country for a number of reasons. First, the government may experience a loss in revenue. It is a fact that hosting national wide events usually requires a large amount of money. This means if the total of customers’ expenditures cannot compensate the money spent the government will not be profited and hence reduced investment in other facilities. Moreover, it can also impact the country’s reputation severely due to unprofessional decisions. Many aspects are often put under the audiences’ scrutiny, including players’ attitude, sport facilities and medical preparation. When these are shown publicly, a country may experience criticism and a reduced reputation, which further affects the residents’ unity and sense of pride.
On the other hand, if handled carefully, a country could boost its economy significantly and effectively. By utilizing stadiums and local cuisines, they can attract several sponsorships as well as tourism. Revenue can be increased through expenditures of tourism on local items and advertisements from global firms. In many football stadiums, for example, famous brands such as Nike or Redbull are often observed to be advertising through televisions while their logos are displayed on the digital boards. In addition to material values, it can also enhance the country national image. Hosting an international event may induce curiosity in viewers across the globe, making it an effective means of promoting tourism and cultures.
In conclusion, while investing in international sports competition may possess high risks, it can still be significantly advantageous to the country’s overall reputation and economy. However, the results are heavily dependent of how the government manages funds and facilities.