Hall !

Armani Hall

Mr. Darryl Fannon

L1 English III

14 August 2016

Prompt One: Analytic Summary

In his article Rio 2016: Economists Question Wisdom of Hosting Olympics, author

Craig Dale includes several central ideas that essentially define his article. Of the many central

ideas he discusses, two are particularly prominent, namely that (1.) the price tag associated with

the Olympic games increases over time and (2.) the long and short term benefits of hosting the

Olympic games in a specific country. Moreover, Dales text highlights the largely unknown

details regarding the Olympics.

To begin, Craig Dale utilizes his article to explain the price tag affiliated with hosting the

Olympic games, which has increased considerably over time. Specifically, the price tag [has]

ballooned 200,000 percent since [the Athens Games in 1986] (Dale 2). Thus, according to

David Goldblatts calculations, the Olympic games were immensely less financially demanding,

therefore illustrating the evolving nature of the Games. Furthermore, Dale explicitly

acknowledges the final bill for the first Athens Games (Dale 3), which totaled to

approximately $10 million. On the other hand, though, the 2016 Rio Olympics are expected to

cost roughly $12 billion (Dale 3). Dales usage of such statistics further illustrates his central

idea, which describes the incredible financial ramifications relating to the hosting of the Olympic

games. Is the large price tag somehow related to the financial strain experienced by cities such as
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Rio? Further, do the beneficial aspects of hosting the Olympic games outweigh the negative

aspects?

Additionally, Craig Dale discusses the long and short term effects of hosting the

Olympics in a specific country. At one point in his article, Dale states, The Brazilian

government authorized an $850 million loan for Rio to help pay for the Olympic infrastructure

and security, after the city declared a state of financial emergency (Dale 2). By including this

quote in his article, Dale exemplifies the citys extensive financial burden due to the Olympics.

In essence, one must understand that if a loan must be withdrawn to support the occurrence of an

international competition, the events price tag is, quite fundamentally, substantial. Also, as

stated in the article, Market gurus have observed a noticeable boot to the host countrys stock

market postgame (Dale 4). Likewise, this illustrates the impact of the Games upon notable

economic institutions, in this case, the stock market.

In conclusion, then, the article Rio 2016: Economists Question Wisdom of Hosting

Olympics by Craig Dale develops several central ideas. Two main central ideas include the

dramatic price tag of the Olympic games and the long and short term repercussions of hosting the

Olympics in a respective country. All in all, Craig Dale brings to light the numerous facts that

many people are unaware of with respect to the Olympic games. (445 words)