Mega Events and Their Impact On the Economy

Authors

  • Kartik Agrawal BA LLB 2023, Jindal Global Law School, OP Jindal Global University
  • Nandini Agarwal BA LLB 2023, Jindal Global Law School, OP Jindal Global University

DOI:

https://doi.org/10.54945/jjpp.v5i1.153

Abstract

Since the 1980s the hosting of various Sporting Mega-events like FIFA and Olympics has become fiercely competitive with politicized bidding processes and strict hosting requirements. Host nations are willing to commit billions of dollars towards the process with the hope of extracting large returns and advertise their nation and cities on a global platform. However, the available evidence reflects otherwise and shows that returns from these projects on various sectors of the economy have been quite limited in nature. Looking at multiple economic sectors, this paper finds that a careful analysis is needed while undertaking to host these events. This paper also highlights various problems within both the selection process and various committees like IOC or FIFA that select the hosting country for such events. We provide suggestions on how the budget allocation could be done and concerns that need to be addressed while hosting these events. These solutions could help derive maximum utility and efficiency of the budget thus allocated

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Author Biographies

Kartik Agrawal, BA LLB 2023, Jindal Global Law School, OP Jindal Global University

Kartik Agrawal is a student of O.P Jindal Global University where he is pursuing his Bachelors’ degree in Arts & Law (BA. LLB). His areas of interests broadly include corporate law, finance, cyber law, and artificial intelligence. With keen interest in academic research culminating from diverse experiences of internships, research assistantships and meaningful conversations with education focused colleagues, Kartik wishes to push the boundaries of Academia towards evolving areas of Technology focused law. An avid gamer, it is extremely easy to engage in dialogues over the latest happenings in the entertainment world with him

Nandini Agarwal, BA LLB 2023, Jindal Global Law School, OP Jindal Global University

Nandini Agarwal is currently pursuing a Bachelor’s degree in Arts & Law (BA. LLB) at O.P Jindal Global University. Her interests include Alternate Dispute Resolution, Intellectual Property Rights, Constitutional Law and Child Rights Law. She aspires to write about various social as well as legal issues with hopes that her work would make a difference in due course of time.

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Published

2021-02-01

How to Cite

Agrawal, K., & Agarwal, N. (2021). Mega Events and Their Impact On the Economy. Jindal Journal of Public Policy, 5(1), 46–67. https://doi.org/10.54945/jjpp.v5i1.153

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References

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