StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Economic Value of Sports on National Development - Research Paper Example

Cite this document
Summary
Sport is also an important aspect in the field of macroeconomics as it associates itself with the economic development of the countries. With the rapid spread of technologically advanced media and…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
The Economic Value of Sports on National Development
Read Text Preview

Extract of sample "The Economic Value of Sports on National Development"

Download file to see previous pages

t can be stated that in the year 2004, the approximated amount of gross domestic sports product in the United States was $213 billion (Walker and Enz, 2012, p. 149). The commercialization is rapid, income generation is solid but one contrary argument is that whether this revenue generation is equally distributed and leads to the national development of a nation in true sense of term as viewed from welfare dimension. Thesis: Interdependence between economic activities and sports have contributed to the rise in the values of various economic parameters and thus sports imparts a positive economic value to national development.

Sports acts as an aggravator of employment opportunities. The fact that sports provides employment opportunities will be backed by evidences with respect to a mega sporting event in the United States of America and that is American Hockey League (AHL). Even a minor hockey team in Springfield, Massachusetts which is the home to the Springfield Falcons team imparts a positive impact on employment dynamics. Publicity perk is an intangible element which stirs up employment generation with this sport.

A team participating in the AHL with 26 other teams certainly enjoys the brand value as well recognition in the surrounding market places. The local media like newspapers, tabloids, sports magazines and advertisement fronts like league standings, banners, and advertising literature and so on vehemently markets the aura of this mega event. The Springfield Falcons have around ten full time employees and during the league matches it hire additional twenty five part time employees for around forty home games on an annual basis.

The Mutual Mass Center where the home games are usually played around 130 part time employees are hired for game nights. These part time employees are absorbed as “ice crews, ushers, ticket takers, concession takers, concession workers, scoreboard operators, camera operators, firefighters, police officers, and security

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Economic Value of Sports on National Development Research Paper - 4”, n.d.)
The Economic Value of Sports on National Development Research Paper - 4. Retrieved from https://studentshare.org/macro-microeconomics/1605812-the-economic-value-of-sports-on-national-development
(The Economic Value of Sports on National Development Research Paper - 4)
The Economic Value of Sports on National Development Research Paper - 4. https://studentshare.org/macro-microeconomics/1605812-the-economic-value-of-sports-on-national-development.
“The Economic Value of Sports on National Development Research Paper - 4”, n.d. https://studentshare.org/macro-microeconomics/1605812-the-economic-value-of-sports-on-national-development.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Economic Value of Sports on National Development

The History of Sport Development

At the same time, parents influence the type of the sports their children engage in by asking them to participate in the sports of their own liking and discouraging them from engaging in the kind of sports that may not appeal to them.... This shows the great influence that the parents have on the development of sports in their children in their early ages.... sports have been used for various purposes most of which include social change.... There are a number of benefits of which engagement in sports has for the individual participating in it....
11 Pages (2750 words) Essay

International Sporting Performances by Countries

With the game of football in the background, this paper provides a critical report on the relationship of sports and culture in the countries of Brazil and China, and the interaction of sports policy issues under different cultural contexts.... Sports and physical activity play an important role at the individual, community, national and global levels.... hellip; The people of a nation, otherwise remaining marginalized by social, cultural or religious barriers due to gender, disability and other discriminations are brought closer to experience the feeling of oneness by breaking up of such barriers resulting from access to and participation in sports events. Studies have revealed that in the international sporting performances, the effect of economic, demographic, cultural and climatic factors can not be excluded....
8 Pages (2000 words) Essay

Expansionist Sport Development in Establishing Social Values

There are those who say that the relatively recent debates around the concepts of "development of sport" and "development through sport" is at least 25 years too late, as the total concept of sports development has always had the two strands running through it.... Fast-forwarding to the timelines of the last 25 years, there is an untold amount of sports development going on.... The 1980s especially, and most predominantly but not exclusively in The United States, saw the beginnings of explosive growth in personal sports development....
8 Pages (2000 words) Essay

Review of National Sport Effort By Carter

The paper tries to make a critique on the Carter report of 2005 which has been considered as a landmark in the history of sports England as it made genuine efforts to coordinate both the private and public sector enterprises to build up a new National Sports Foundation.... The paper "Review of national Sport Effort By Carter" states that participation in sports contributes immensely to building sustainable communities.... The methodology of the review team concentrated on three core work streams of the sport in England, namely the sporting landscape of the nation, international comparisons between England and its peer countries, and the private sector of the sport in England (Supporting Evidence: Review of national Sport Effort and Resources p....
10 Pages (2500 words) Research Paper

Monaco grand prix economic impacts

?? The Monaco Grand prix has great economical impacts; first and foremost it leads to technological development of mass communication especially satellite television.... This development means that revenues from television to host the events increase overwhelmingly.... Hosing on of Formula 1 mega event is a significant experience of modernity… Perhaps the description of Sylt and Reid (2010) gives a better insight on what a mega-sporting event is “large-scale cultural (including commercial and sporting) events which have a dramatic character, They are typically organized by variable combination of national governmental and international non-governmental organizations (Sylt and Reid, 2010)....
5 Pages (1250 words) Essay

Sport, Education and Society

Globalization of sports has led to an integration of cultures, harmonious relations among communities when they work as a team, promotion of health and many other social benefits.... The integration of sports in the National Curriculum is a major milestone in enhancing the development of the youth in terms of health and education.... he integration of sports in the national curriculum was accomplished in the 1990s.... Physical education was included in primary and secondary, as well as the establishment of a sports college which is a secondary school with the aim of improving the value of physical education and sports in the educational institutions....
8 Pages (2000 words) Assignment

The Specificity of Sports: The European Experience

The author states that having sports should be excluded from the legal and political framework of the EU citing the so-called “specificity of sports.... rdquo; This paper explores this issue and addresses whether such a dimension to support is a valid argument for the autonomy of sports from EU regulations.... hellip; Commission's main role in sports in Europe is to consult with organizations across the region to plan for sports development and to identify problems associated with sports and that only in extreme cases wherein the Commission would enact legislation that would directly impact sports....
8 Pages (2000 words) Term Paper

Sports Policies in Australia

The countries that invest properly in the growth of sports in the country aim at first improving the state of the sports schools in the country.... In addition, the school employs good coaches and specialists to improve the quality of sports training.... The government has introduced FTEM (foundation, talent, elite, and mastery) a framework of sporting development of the whole parts and the levels of sports.... … The paper " sports Policies in Australia" is a good example of a case study on politics....
9 Pages (2250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us