Economic Growth after Olympic

Most people in modern society believe Olympic causes economic

growth. Olympic did not create for economic, and political

purposes; however, profits of 1984 LA Olypmpic was around

300 billion dollars and Seoul Olympic was 400 billion dollars.

Probably, development of broadcasting caused to effect economic

growth. Also it means people who had stable life wanted to go to

travel with events. This year's Olympic will be held in China;

it is different Olympic and it became the issue in the world.
Basically Chineses communist does not want Olympic related to

their regime or polictical perpective. China expects to increase

GDP between 0.3 to 0.4 annually after Olympic. Which means

China is looking for investment and consumer based on

economic growth. Most of people are expecting to grow tertiary

industry such as IT or service business. However, Chineses

goverment will invest in secondary investment based on

communist regime's decision, because since there is a huge gap

between rich and poor. If I am an investor or consultant then

I prefer to invest in secondary industry. China is one of the biggest

country with capital yet they are still communist.

20400402 / entry 8