What Are The Variables In Calculating Economic And

What are the variables included in calculating economic and cultural impact to the host city/country?

Assessing the economic and cultural impact of hosting major sporting events, such as the Women's World Cup, involves understanding a complex array of variables that influence both tangible and intangible outcomes for the host city or country. Key variables include economic factors such as tourism revenue, infrastructure development, employment generation, and investment. These encompass direct spending by visitors, increased hotel occupancy, transportation services, and the broader boost to local businesses (Gibson, 1998). Indirect economic impacts, such as legacy effects on urban infrastructure and heightened global visibility, are also significant.

From a cultural perspective, variables include changes in intercultural communication, community engagement, and the enhancement of local cultural identity. Hosting a global event like the Women's World Cup can elevate the international profile of the host by promoting cultural exchange and fostering national pride (Humphreys & Plummer, 1993). Additionally, impacts on local cultural participation, inclusion, and the preservation and promotion of local traditions are vital indicators (European Communities, 2007). Increasing accessibility and opportunities for diverse groups further influence the cultural impact.

The success of hosting a Women's World Cup also depends on key factors such as effective planning, stakeholder engagement, and legacy strategies. These include the development and utilization of state-of-the-art facilities, strategic marketing campaigns, and strong community involvement. A successful event ensures that economic benefits are maximized while cultural impacts foster a deeper sense of identity and intercultural understanding (Preuss, 2015). Ultimately, a comprehensive evaluation of these variables helps demonstrate the multifaceted effects of hosting such a prestigious sporting event.

References

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