As the 2024 Paris Olympic Games approach, there is a growing concern over the economic viability of hosting such a massive event. In recent years, the Olympic Games have been notorious for overspending massively, leaving host cities with hefty bills and little to show for it once the games are over. However, the Paris Olympics are said to be the Games that have overspent the least since 2000.
To delve deeper into this issue, FRANCE 24’s Peter O’Brien interviewed Victor Matheson, a professor of economics at the College of the Holy Cross in Massachusetts, United States. The conversation revolved around ways to make the Olympic Games more economically viable. Matheson likely provided valuable insights into the potential strategies that can be implemented to ensure that the Paris Olympics do not suffer financially in the long run.
Certainly, hosting the Olympic Games can bring a myriad of benefits to a city, including increased tourism, infrastructural development, and international exposure. However, it is crucial to balance these advantages with the financial risks involved. By learning from past mistakes and adopting a more cost-effective approach, the Paris 2024 Olympic Games have the potential to be both successful and economically sustainable.
Ultimately, the discussion on the economic viability of the Paris Olympic Games highlights the importance of careful planning, financial management, and strategic decision-making. As the world eagerly awaits the arrival of the 2024 Summer Olympics in Paris, it is crucial that all stakeholders work together to ensure that the Games are not only a success on the field but also financially feasible in the long term.
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Video “Are the 2024 Paris Olympic Games economically viable? • FRANCE 24 English” was uploaded on 08/04/2024 to Youtube Channel FRANCE 24 English