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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.

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Learning from Experience: Case Studies on Hosting Events

This report now looks at the following categories of global events in turn, exploring a number of case studies in each instance, to further develop the analysis of how cities can be successful hosts. The focus at this stage is on mobile events - ones that are hosted by different cities each time and can therefore be actively bid for on a regular basis: 1. Trade fairs and exhibition events, e.g. The EXPO and others. 2. Cultural events, e.g. The Capital of Culture and others. 3. Sports events, e.g. The Olympics and others. 4. Political summits and conference events, e.g. G8, Earth Summits and others.

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