Local Development Benefits from Staging Global Events

image of Local Development Benefits from Staging Global Events

The competition to stage major global events – such as OIympic Games, EXPOs, cultural festivals, and political summits – is more intense than ever before. Despite advances in virtual communication, large-scale gatherings of this kind have again become extraordinarily popular. In part, this can be explained by the worldwide media attention and sponsorship that such events now generate. But it is also substantially accounted for by the longer-term local benefits that can be achieved for the host location, including: improved infrastructure, increased revenues from tourism and trade, employment creation and heightened civic pride. However, such positive effects do not occur by accident, or without effective local action. Effective legacy planning and management is essential to ensure that the financial risk of investing in the event pays off, and that local development is boosted in a meaningful way.


Put simply, when international events are hosted well, they become a catalyst for local development and global reach. This book identifies how international events work as a trigger for local development and what hosting cities and nations can do to ensure that positive local development is realised. It reviews experience from more than 30 cities and nations and it looks forward to future events yet to be hosted.



Comparative Analysis: Do Different Types of Global Events Yield Distinctive Benefits?

As has been seen, the nature and requirements of these types of events vary quite considerably. The scale of new infrastructure required to host a major sporting competition, in terms of appropriate sporting venues, for instance, does not compare to that required to host a 3-day political conference. Inevitably, therefore, different types of event will place a greater or lesser emphasis on different benefits available to the host city. This being said, many of the more indirect benefits associated with hosting a global event, such as image and identity impacts, events strategy or collaborative governance, can be secured from all types of event.


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