On the issue of economic development in Beijing Olympic Games _12526.doc

On the issue of economic development in Beijing Olympic Games Summary: Throughout history, the Summer Olympic Games host country after the economic downturn would most likely undergo a process. With the 2008 Beijing Olympic Games away, more and more people began to worry about whether our economy will be experiencing trough effect after the Olympic Games. Through research, I believe that the Olympic Games host city or country is not a law of the phenomenon of the economic downturn, the impact of many factors, if fully implement the scientific concept of development, will be able to steadily and smoothly through the post-Olympic era. Key words: Beijing Olympic Games Olympic Games Economic Development and Prospects Throughout the history of the modern Olympic Games, from the Montreal trap to Sydney post-Olympic economic risk, almost no host countries and cities completely free of the low effect of the Olympic Games. In this paper, studies suggest that the Olympic Games host city or country is not a law of the phenomenon of the economic downturn, affecting more factors, as long as comprehensively implement the scientific concept of development, will be able to steadily and smoothly through the post-Olympic era. The connotation of Olympic economy Olympic economy refers to the Olympics before and after the period of time, the place associated with the Olympics, with the economic effects or economic value of various activities. After the Olympic economy is, by definition is the economic effect after the Olympic Games, usually after the Games, Olympic Games, the positive effects began to decline, the negative effect of the Olympic economy will be more apparent. This is due to the sudden stall investment, and domestic and international consumer demand in the Olympic Games being held and after the initial release was almost no support for the effective result of consumer demand. Olympic Games host country during the post-Olympic Economic Development Analysis General from the Olympic Games the previous year to the end of the second year after the Olympic host countrys GDP growth fell by an average 4%. The changes in the level of investment is even more evident, with an average drop of up to 10%. Industrial production growth also show a downward trend, ranging between living in the middle of the above 6%. 1984-2004 years, 20 years were held six Olympic Games, in addition to the United States in 1996, other host countrys economy had slowed down after the Games. However, these countries the economic slowdown because of the following three categories: (A) accelerating economic growth and the pre-Olympic slowdown in economic growth after the Olympic Games 1984, Los Angeles Olympic Games, 1988 Seoul Olympic Games, Sydney 2000 Olympic Games and 2004 Athens Olympic Games as an example: before the opening of the Olympic Games two years of rapid economic growth was mainly driven by investment, while in the Olympics that year, investment growth had already started to decline , so that slow economic growth; Olympics after the fall of the rate increase investment (except for the Seoul Olympics), economic growth also will be weaker (South Korea after the Olympic Games in Seoul, investment and consumption remained strong, its more because of the economic slowdown the current account of the reasons; Sydney after the Olympic Games is the only real estate industry continues to be a positive stimulus for the industry). (B) of the Olympic Games before and after the slowdown in economic growth are increasingly For example, the 1992 Barcelona Olympic Games: Spain a few years ago to the Olympic Games from the Olympic Games one year after the investment and consumption growth have slowed significantly every year, or even negative growth simply can not observe the Olympic Games host countrys economy a boost. (C) the economy has experienced accelerated growth before the Olympic Games 1996 Atlanta Olympic Games, the U.S. economy has experienced accelerated growth before the Olympics, which is in line with peoples expectations; but unexpectedly, the Olympics after the U.S. economic growth has not slowed down, but continue to accelerate growth, the driving force behind the came from consumption and investment continued to grow deeper reason may be attributed to the then fledgling new economy that is knowledge and ideas-based economy (Xiao Lian, 2002). Can be seen that countries post-Olympic slump phenomenon of the formation have different reasons. After the Olympic Games Beijing Olympic Games Economic Development Analysis and Prospects (1) Beijing Olympic Games in China after the Olympic Economic Development Analysis and Prospects Chinas national conditions and the developed countries host the Olympic Games or the Asian emerging countries the situation is different: First, Chinas population is large; Secondly, the market demand after the Olympics will further release; Third, China remains a developing country, per capita GDP is still more than 2000 U.S. dollars the lower stage, driving Chinas economic growth troika: investment, consumption and exports will not be a great impact on the end of the Olympic Games. China is a developing country, not only in infrastructure investment to increase many of the industrys appreciation of the space is very large, there could still be kept up to higher value-added industries to invest, which will bring economic growth. Chinas economy of scale than other countries to do the Olympic Games is much bigger. Chinas overall economic scale is 16 times in Greece, Australia, 8 times. Sydney to host the Olympic Games in Montreal and spent one-fifth of the national GDP, therefore, Effects of post-Olympic slump relatively clear. But Beijing Olympic Games, Chinas total investment in the proportion of the total investment does not exceed 1%, the Olympic host city Beijing economy on the economic impact is limited, even after the Olympic Games Beijing fluctuations in the economy, on Chinas overall economic impact is also limited. Because the Olympic Games for Chinas fast-growing economies in such a case, post-Olympic slump effect is almost non-existent. After the Olympic Games in China after finishing the next few years, there are many major international events, you can make up for the Beijing Olympic Games after the reduction in infrastructure investment. Moreover, in addition to and international conferences, international events related to infrastructure investment, our country as a developing country cities, investment in infrastructure in various parts of a larger space. Economic trends in China after the Olympic Games is also being affected by the international environment. Complex international environment, particularly the economic downturn in Europe and the United States will have a negative impact on our economy. In 2007, Chinas annual import and export of goods amounted to 2.17 trillion U.S. dollars, foreign trade, promoting Chinas economic growth to become the main driving force. Chinas economy as the global economic integration in the process of one of its economic growth more and more by the international economy, especially the major economic impact. In particular international oil and food prices continue to rise, the dollar depreciation of the U.S. sub-prime mortgage crisis and other factors, the comprehensive effect on Chinas economy has brought about tremendous challenges, but as our ability to respond to the Asian financial crisis in response to the world economic situation and on Chinas and, to guarantee rapid and sound economic development. Reposted elsewhere in the paper for free download http:/ (B) the capital of Beijing Olympic Games after the Beijing Olympic Games Economic Development Analysis and Prospects Beijing is in the urbanization, internationalization and modernization of the development process, at the per capita GDP from 7000 U.S. dollars to 10,000 U.S. dollars or even higher, into the stage of development. Historical practice shows that in this stage of the city, the economy will always keep up the vitality of the Olympic Games will not be triggered by dip effect after the Olympic Games. From the perspective of economic growth, Chinas long-term growth potential of 9.3% -9.5%, Beijings long-term growth potential is higher than the national average, probably about 10%, thus there is no period after the Olympic Games Beijings economic growth has dropped dramatically problem. From an investment point of view, after the 2008 Olympic Games, Beijing will strengthen the construction of new city infrastructure investment, which will partially offset the reduction in investment in the Olympic venues; Beijings subway construction will not stop the end of the Olympic Games; from the beginning of 2007 Beijings fixed-asset investment growth rate has dropped to a certain degree, which will decrease after 2008 brought about a decrease in investment gap. From the real estate market point of view, in recent years before the Olympic Games in Beijing has been rapidly rising house prices while, but this can not be attributed to the Olympics factor. After the Olympic Games period, as long as these factors affect the price rise is not a fundamental change, as long as the real estate market supply and demand relationship is not a fundamental reversal of Beijings real estate market prices would not have dropped phenomenon. From the perspective of consumer demand, since Beijings 2006 resident population of 15.81 million people has been a breakthrough, since the 1964 Tokyo Olympic Games, the total population up to the Olympics host city, its inherent potential for consumer demand. The departure of foreign athletes after the Olympic Games due to decline in consumer demand is relatively not much. The number of foreign tourists after the Olympic Games should also not be significantly reduced, while the number of domestic tourists will not be reduced even more. From the venue construction point of view, the Beijing Olympic Games 31 venues in 2 / 3 expansion and temporary change to build stadiums, better use of existing sports facilities. And draw on the maturity of the practice of other host cities, to the National Stadium and other venues and six large-scale infrastructure projects related to the implementation of the project legal tender. Thi