There are currently 35 IFs within the Olympic Movement, representing each of the Olympic sports. Many economists are sceptical about the financial benefits of hosting the Olympic Games, emphasising that such “mega-events” usually have massive prices while yielding comparatively few tangible advantages in the long run. Conversely hosting the Olympics seems to increase the host country’s exports, because the host or candidate country sends a signal about trade openness when bidding to host the Games. Moreover, analysis suggests that internet hosting the Summer Olympics has a powerful optimistic effect on the philanthropic contributions of companies headquartered within the host metropolis, which appears to profit the local nonprofit sector.
With delegates from Belgium, England, France, Greece, Italy, Russia, Spain, Sweden, and the United States in attendance, he advocated the revival of the Olympic Games. De Coubertin had initially planned to hold the Olympic Games in France, but the representatives convinced him that Greece was the suitable country to host the first trendy Olympics. The council did agree that the Olympics would transfer every 4 years to different great cities of the world.
Over 2 billion viewers watched more than thirteen billion viewer-hours. The Games had been also financially successful …