Hosting The Olympics

Hosting The Olympics

Officials in London hope the Olympics will be an economic boon for the city, but prior hosts have found that's not always the case. Diane and guests discuss the economics of hosting the Olympics.

The world’s top athletes are competing for the gold at the London Olympics. But it’s not just the Olympians striving to come out on top. So is the city of London. This month, British Prime Minister David Cameron made a pledge to turn the Olympic games “into gold.” Every four years, host cities hope the international platform will serve as a catalyst for economic growth. Officials see it as an opportunity to modernize transportation systems, jumpstart urban renewal, attract tourism, and gain international prestige. But some doubt London, or the host cities before it, will ever come out ahead. Diane and guests discuss the costs and benefits of hosting the Olympics.

Guests

Andrew Zimbalist

professor of economics at Smith College.

Tom Rhoads

professor of economics at Towson University.

Lisa Delpy Neirotti

associate professor at George Washington University.

Mark Spiegel

vice president of international research at the Federal Reserve Bank of San Francisco.

Steve Wilson

European sports editor at the Associated Press.

Please familiarize yourself with our Code of Conduct and Terms of Use before posting your comments.

Our address has changed!

The Diane Rehm Show is produced by member-supported WAMU 88.5 in Washington DC.