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Andrew Zimbalist: Dollars and Sense - The Unsustainability of Hosting the Games
Manage episode 424805270 series 3331933
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Economist Andrew Zimbalist discusses the evolving landscape of hosting the Olympics, highlighting the escalating costs and decreasing interest from cities in hosting the games. He explains how the International Olympic Committee (IOC) has adapted to these challenges by implementing reforms aimed at reducing costs and encouraging sustainability. Zimbalist also touches on the complexities of accurately forecasting the true financial implications of hosting the Olympics, particularly regarding infrastructure and security costs, which often exceed initial projections.
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