Write a 8 page essay on Critically assess the costs versus benefits of a staging a global sporting event (London).
loping countries have increased their budgetary allocation to cater for the construction of the facilities with an aim of staging the global sporting events in future. Apart from the benefits that are associated with the international sports, the events brought about high costs that the hosting countries must incur in order for the sports to be successful (Kamper and Mallon, 1992). Some of the major costs are incurred in the process of providing security, construction of stadiums and infrastructure, construction of hotels and restaurants as well as during advertising and promotion of the events. This paper aims at accessing the costs versus benefits of staging the 2012 London Olympic Games, one of the global sporting events that were held in the city of London.