The Economic Impact Of The majestic Games The Economic Impact of the Olympic Games With the Olympic games being held in Sydney this year, I wondered if perhaps the cognitive process of the economy was being affected in part by the fiscal stimulus provided by Olympic construction in Sydney and other parts of the country. Australias economy has been performing salutary recently, suggesting that there might be more or less effect. Over the cobblers last five years, growth in Australias gross internal product has averaged 4.35%, almost a full point supra its thirty year annual average of 3.5%, and the unemployment place is near a ten year low.
According to one estimate, the Olympics will tack on an additional six and a half billion dollars, about 1.6% of the GDP, to Australias GDP everyplace the 1994-2000 period. A natural question to ask is if this growth is cod primarily to the Olympic preparation, or if, instead, it is a result of some other change in policy, or perhaps notwithstanding plain old luck. One way to...If you want to contribute a full essay, order it on our website:
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