Governments Role in Organizing Big Sporting Events Essay

Governments Role in Organizing Big Sporting Events - Essay Example Decisions of this nature should be based upon and measured against certain basic principles regarding the proper role of government. Functions of a government can be broadly categorized as; In fact these are just indicative types of functions. It is amply clear from these points that the government is supposed to perform a range of tasks in order to look after its people. Now the question arises, "Should the government give financial aid to such projects like the World Cup Soccer, or the Olympics events and why" On the face of it, one ponders to think as to why the government should go whole hog after such an event ignoring its majority of the priority areas. But on deeper thought we realize that there's something beyond the 'apparent truth'. An event of this magnitude gives wide exposure to the country in the international arena. This sort of event generates worldwide interest and people from all over the world flock to the scene of action. Therefore, the government is duty-bound to facilitate such visitors. Governments of the host nations try their level best to make sure that such events become tools for encouraging tourism potential of the country. Towards this end, the government facilitates the organization of this event in different attractive corners of the country. For example during the world cup soccer-2006 sports enthusiasts' came to know about the beautiful historical cities like Berlin, Munich, Stuttgart, Frankfurt etc. while the lesser known cities like Dortmund, Leipzig, Nuremberg, Gelsenkirchen etc. also came on the tourist map. Similarly all efforts are on to make sure that the London Olympics 2012 becomes an opportunity for the world to know more about UK, its heritage, economic potential and the love of British nationals towards sports. In fact, immediately after organizing the highly successful Commonwealth Games in Manchester, UK Govt started lobbying for the 2012 games. The speculated expenditure for organizing an event of this magnitude is around 8 billion pounds, but London Mayor is confident that London Olympics will bring profits for UK. This will result in generation of revenues for the federal governments as well as for the local governments. The real estate industry gets a big boost as the government starts gearing up for modern infrastructural facilities. Government gets revenues in the form of taxes, sponsorships etc. Revenues earned this way, by the country will of course be put to use for the sake of the countrymen. In fact government is also duty-bound to encourage all the sporting events. Sports like Tennis, Cricket having the backing of wealthy sponsors will continue to prosper even if the government looks the other way round, but sporting events like athletics, swimming may suffer if no government backing is provided. In today's market driven economy concept, the art of communication to existing consumers as well as prospective consumers takes a great deal out of the managerial brain storming sessions. Therefore the respective governments make all out efforts to strengthen the communication channel through sporting

International Economics paper Article Example | Topics and Well Written Essays - 250 words

International Economics paper - Article Example They should also change their message by not reinforcing fears but reassuring citizens that trade is just one of many forces that affect their lives and government's role is to help them adapt to change. WTO should encourage governments address barriers to competition within countries. The victims of restrictive practices are consumers inside each country who must pay higher prices because of a less competitive market. These barriers also harm exporters and foreign consumers. Liberalizing should address investment restrictions too. There are fears insufficient investment restriction encourages companies to relocate to lower wage countries, but people should understand foreign direct investment would go from rich countries to other rich countries rather than poor ones. Nevertheless, there are differences between views people have in the U.S. and the views people have in most developing countries about the WTO and trade liberalization. In developing countries people fear that increase trade liberalization will lead developed countries to take advantage of their resources. In the U.S., the perception is that increased free trade will lead to a loss of sovereignty. Litan, Robert. Moving Towards an Open World Economy: The Next Phase. 6 Dec. 2009.