The Economics of Events

Research Paper # 58646

Economics
Sport
Tourism

An analysis of the impact that events have on the economy and communities of host areas.

4,081 words () | 20 sources | MLA | 2005 United Kingdom

Paper Summary:

This paper aims to compare and contrast the current literature on the topic of the impact of events on the host area/country. It analyses both positive and negative impacts from different aspects, namely economic, social and cultural, physical and environmental and political. It develops further to weigh up the evidence and evaluates how far events can exert a positive impact.
Outline
Introduction
The Impact of Events
Tourism and Economic Impact
Social and Cultural Impacts
Physical and Environmental Impacts
Political Impacts
Negative Impacts
Conclusion
Recommendations

From the Paper:

"All events in some way reflect the culture of the place in which they are held. However, some events are held primarily for their cultural significance. Carnivals, heritage festivals, food festivals, and independence celebrations are examples of these types of events. Annual carnival celebrations in Trinidad and Tobago and Rio de Janeiro, Brazil are well known examples of huge cultural celebrations. The nation's beliefs and traditions of many cultures have come together and for a brief five days each year, the whole country forgets their differences to celebrate life. Carnival is such an important aspect of life in Trinidad that many schools believe that sponsoring a carnival band is a way to teach young people about their roots and culture. In this way, communities work together to develop stronger friendships and greater respect for the many cultures that make up Trinidad."