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Essay on The Impact Of The Beijing 2008 Olympics On China's Economy And Global Competitiveness
Early in 2001, Beijing portrayed a city which could not think of any other thing than Olympic. It was a city deeply obsessed with Olympics. People of china had filled their streets and homes with posters and slogans, the city's newspapers gave many articles on the Games, and the leaders with increasing anticipation closely followed the progress in the International Olympic Committee (IOC). When the IOC President Juan Antonio Samaranch, declared on 13 July that Beijing will be the host city for Olympic Games of 2008; the entire city partied late that night. The city presented a scene of"flag-waving, horn honking, music-jamming, firecrackers exploding party."(Alan Abrahamson, 2001).
Beijing and China as a whole, the IOC declaration was a chance to redeem, considering the 1993 failure of China to win the bid for 2000 Games. On the other hand, the rest of the world portrayed a more controversial picture of the Games. Many people felt that China has a poor record on human rights, and therefore is not the right nation to be awarded the title for Olympics which represents peace and freedom personified in the Olympic Charter. Many others also argue that awarding of Olympic Games to China was inevitable. They considered it an absolute necessity, considering the economic power and its growing prominence in the Olympic movement.
However, the arguments on the issue are still being debated.
China has emerged in the recent times as the world's great growth markets; and will continue to grow. China has covered substantial distance after the economic reforms introduced by Deng Xiaoping in the late 1970s.China on an average has a seven percent growth rate for the past twenty five years (Procopio, 2005). Moreover, the growth rates around 25 of its business....
