The multiplier effect of hosting Olympics may be exaggerated, but it can provide many intangible benefits
The hosting of Olympic Games holds a certain allure for many countries due to a myriad of intangible benefits like global visibility, national pride and cultural exchange, which often precede the tangible, more measurable economic impacts. While the construction of new infrastructure and potential boost in tourism and international investment can be significant, the crucial question remains whether these economic advantages justify the enormous investments required.
Source: indiatimes.com
