The Geography of the Olympics

The London 2012 Olympics has had a massive effect on the world, in particular the UK. Geographically speaking the Olympic park is located in Stratford, East London. The Olympics is obviously a huge financial outlay, but it is not just for the 2 weeks of the games. Urban regeneration: The Stratford area was previously a under developed and unpleasant area of London. Due to the Olympics the ?4 billion urban regeneration of the 73 hectares of land within the M25 has been started, with Stratford at its heart. The new facilities will include over 100 shops, leisure facilities, hotels and schools.

One area of Stratford is currently being developed to be the most significant business district since Canary Wharf, this is planned to provide space for up to 30’000 workers. Stratford’s residents have also benefitted from the athlete’s village, the poor standard of the previous housing has led to their demolition and residents will now be able to access the former athlete’s village as part of an affordable/social housing scheme.

The inclusion of 11’000 new homes in the Olympic park area will provide what Boris Johnson dubbed “the most important urban regeneration project in the next 25 years. It was perhaps most needed in this area of London as it had one of the lowest GDP’s in Britain with unemployment peaking at 20% after the demise of what were once the world’s largest docks. The area was very undesirable and often dubbed stinky Stratford because of the slaughterhouses and noxious industries that operated there. A consequence of all this was the housing, before the Olympics it consisted of post-world war prefabs. (Sources: Gaurdian. co. uk/Live discussion- regeneration/ July 2012 & London2012. com/ Regeneration games/November 2011)

Transport: With 204 countries competing in the 2012 and over 11 million tickets on sale, people from all around the globe will be travelling to see Olympic events. This influx of people needs significant public transport and a superb infrastructure in order to run smoothly. International arrivals/departures by plane relied on the continuous operation of major airports around the world and the transport links directly to major areas of London in particular, Stratford. This was facilitated by regular trains and buses running between the locations.

Since the London 2012 games, Stratford train station has become the third largest station in the UK for the number of trains stopping there. The People: As well as including thousands of people from around the world the Olympics also managed to attract all age groups from young children to pensioners. This sets the Olympics apart from other events; the ability to include such a vast age range is incredibly hard it is event such as the Olympics that enable such a large demographic to come together.

For the first time in Olympic history there was a female team member from each of the competing countries, this was a particular change for Saudi Arabia who let two women into the team this year in contrast to none in its Olympic history. The Finances: In the background of the photo it is clear to see the large steel structure. This was donated by Lakshmi Mittal, the owner of ArcelorMittal which is the world’s leading integrated steel and mining company. The tower is named the ‘Orbit’ and is located in Orbit Circus to the East of the Olympic Stadium.

Mr Mittal has long been a supporter of the Olympics, setting up a trust for aspiring Indian athletes after Indian won only one medal in the 2000 Olympics. Despite being of Indian origin he decided to fund the project in the UK, this clearly demonstrates a sense of globalisation as financial support came from philanthropists all over the world. The economic effects of the Olympics have also been demonstrated by many large corporations, such as Whitbread, the group including Premier Inn, 4 restaurant chains and Costa Coffee.

They revealed that sales had pushed Whitbread to the top of the FTSE 100 risers, up 106p to ?22. 05. An average increase of around 5% across the group. Furthermore the construction of the Olympic sites has created 46’000 jobs, much of the workforce sourced locally to retain the financial benefits within the local area. Moreover the active encouragement of a healthy lifestyle generated by the Olympics has a significant impact upon the attitudes viewers have about sport and their health.

Theoretically the long term effects of the Olympics could mean the government saves money in areas such as health care treatments associated with obesity and unhealthy living. This in turn would enable a higher proportion of taxes to be spent on further urban regeneration or other public interests. (Sources: Gaurdian. co. uk/Live discussion- regeneration/ July 2012 & Whitbread PLC/ Trading Update/ September 2012) The Economic benefits of the Olympics were hyped up to an un-believable level by some sources, figures circulated at around ?3. Billion from respected organizations such as Visa. This would have meant a 3. 5% rise in the UK’s overall economic output annually. It was also expected that between 2013-2015, all the UK regions would benefit financially totaling 2. 74 Billion in extra money spent by visitors. When broken down into sectors, the High street retailers were expected to gain the most totaling ?705 million, surprisingly the transport sector faired as the lowest earner totaling just ?81 million.

Therefore Visa came to the conclusion that the total ‘economic legacy’ would be ?5. 3 Billion by 2015. However, now the main Olympic Games have come to an end analysts, are broadcasting a contrasting opinions based on the financial figures from the games. The more realistic increase in the nation’s output for 2012 is likely to be around 1%, less than a third of the original predictions for the Olympics alone. This 1% would also include the Queen’s Diamond Jubilee which was estimated to have increase output by 0. 4% along with the 0. 1% of growth gained from ticket sales (doesn’t count as the Olympic effect) to a total of 0. %. So, even without the Olympic effect, output should increase by 0. 5% between the second and third quarters. For the economy to register even zero growth in 2012 as a whole output needs to rise by 1% this quarter and remain at that level in the final quarter. Several major think-tank’s and The Bank of England have cut their UK growth predictions to between 0% and -0. 7% after disappointing Olympic revenue. (Source: Visa Europe/Economic impact report/ July 2011 & Guardian. co. uk/Olympics-why the British economy isn’t a winner/August 2012)

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
I just need some minor alterations. Thanks.
Customer 452547, February 10th, 2021
Human Resources Management (HRM)
excellent, great job
Customer 452773, June 19th, 2023
Business and administrative studies
always perfect work and always completed early
Customer 452773, February 21st, 2023
Business and administrative studies
excellent, got a 100
Customer 452773, May 17th, 2023
Sociology
THANK YOUUUUU
Customer 452591, March 18th, 2021
ACC543MANAGERIALACCOUNTINGANDLEGALASPECTS
excellent
Customer 452773, January 25th, 2024
Human Resources Management (HRM)
excellent job
Customer 452773, June 25th, 2023
DATA565
The support team was late responding , my paper was late because the support team didn't respond in a timely manner. The writer of the paper finally got it right but seems there was a problem getting the revisioin to me.
Customer 452773, April 7th, 2024
Business and administrative studies
excellent job!
Customer 452773, May 25th, 2023
Social Work and Human Services
Although it took 2 revisions I am satisfied but I did receive it late because of that.
Customer 452603, March 25th, 2021
Criminal Justice
The paper was not accused of plagiarism and was written very well. I will let you know the grade once it is graded. Thank you
Customer 452671, April 26th, 2021
Business and administrative studies
Thanks
Customer 452773, March 3rd, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Close

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp