Current affair Paris 2024 summer olympics.pptx

This analyses the current event of 2024 Olympics

1. SNHU21.E1 - PM CLASS NAME: LINH THI THUY NGUYEN ID: 2966946 CURRENT AFFAIR: PARIS 2024 SUMMER OLYMPICS

2. Context WHAT: WHERE: WHEN: WHO: WHY: The 2024 Summer Olympics Paris, France July 26 to August 11, 2024 10,500 athletes from 205 committees To celebrate international sportsmanship and competition Source: Cunningham, M., & Johnston, T. (2024, July 30). How many athletes compete in the Olympics, and more details by the numbers for the 2024 Paris Games. CBS News. https://www.cbsnews.com/news/athletes-olympics-numbers-2024-paris-games/

3. NEGATIVE POSITIVE Impacts on Domestic Economy Economic boost : between €6.7 billion and €11.1 billion in net economic benefits for the Paris region, including increased tourism, construction, and event organization. Job opportunities in sectors such as event management, security, transportation, and tourism services. Infrastructure development : the Olympic Village will provide long-term benefits including housing and schools. Tourism : 2.3 to 3.1 million unique visitors are expected to visit Paris during the Games, significantly boosting local businesses. High costs : The official budget for the Games is estimated at €8.8 billion, which can strain public finances. Displacement and disruption : Construction and event-related activities can displace local residents and disrupt daily life. Short-term economic fluctuations : While GDP growth is expected to rise during the Games, it may fall back in the subsequent months. Source: Independent study reveals Olympic Games Paris 2024 “economically beneficial” for host region. (2024, May 15). Olympics.com . https://olympics.com/ioc/news/independent-study-reveals-olympic-games-paris-2024-economically-beneficial-for-host-region

4. NEGATIVE POSITIVE Impacts on Global Economy Increased trade and investment : The global visibility of the Olympics can attract foreign investment and enhance trade relations. Tourism : The influx of international visitors can benefit airlines, hotels, and other tourism-related industries worldwide. Media and sponsorship : The global broadcasting of the event generates substantial revenue from media rights and sponsorship deals. Environmental impact : Large-scale events like the Olympics can contribute to environmental degradation, affecting global efforts to combat climate change. Resource allocation : Significant resources allocated to the Olympics could have been used for other global priorities, such as healthcare or education. Source: Arch, F. (2024, May 22). The impact of the 2024 Paris Olympics on local businesses and economy . Fan Arch. https://fanarch.com/blogs/olympics/the-impact-of-the-2024-paris-olympics-on-local-businesses-and-economy

5. Domestic v s Global Positive impacts Increased economic activities (tourism, trade, media rights) Job creation GDP growth Enhanced local infrastructure Sustainability initiatives Increased community engagement in sports Improved branding and publicity for France Supply chain opportunities for green goods or services providers Increased foreign direct investment Long-term infrastructure benefits Potential for increased long-term green jobs and industries

6. Domestic v s Global Negative impacts Environmental concerns Local displacement and disruption Security concerns Political tensions Negative global perception on media High costs Resource allocation Economic strain

7. THANK YOU 9 August 2024 FOR YOUR NICE ATTENTION