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Brazil Olympics

In: Historical Events

Submitted By jsuIIy
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Rio de Janeiro, Brazil, will host the 2016 Olympics, a first for any South American country. Commitment to this mega-event mean that both the country and city of Rio de Janeiro have a lot of work to do before they are prepared and meet the International Olympic Committee standards. A mega-event is a large-scale cultural event that holds significant international importance and attracts tourism. This events has the potential to encourage growth of the country if structured properly and finances are appropriately managed; mega-events can also have negatively effects in a number of ways. Brazil is unique in having the opportunity of hosting this event.The hope is that this event will contribute to Brazil’s growth as an emerging economy and significant financial investments will continue to benefit the country post-Olympics. While the citizens are excited about the Olympics, there are concerns about the large number of expenses required in Rio. This explains Brazil’s current situation, details financing for the 2016 games, analyzes past financial issues with Olympics, and evaluates the socio-economic impact on citizens from an ethical viewpoint. The funds and resources for such improvements can be controversial. For violent crime and the unsightly poverty of the sprawling favelas, or shantytown slums, it may be one of the most challenging Games in the history of the rings.
That the International Olympic Committee on Friday decided on the Brazilian city for the 2016 Summer Games was certainly a bold move, but not necessarily a surprise.
Now that China has held the Olympics, South America was the next untapped frontier. How the country bridges the extremes of rich and poor while the world watches is the great challenge that awaits. The city was criticized a year ago by a top IOC member who said Rio's preparations were the 'worst' in recent history.…...

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