The Geography of the Olympics

The capital of the United Kingdom 2012 exceedings has had a massive effect on the founding, in particular the UK. Geographic all toldy speaking the majestic park is located in Stratford, eastern roughly capital of the United Kingdom. The surpassings is obviously a huge monetary outlay, but it is not just for the 2 weeks of the games. Urban regeneration The Stratford landing field was earlierly a under developed and acerbic area of London. Due to the exceptionals the ?4 trillion urban regeneration of the 73 hectares of inflict within the M25 has been started, with Stratford at its heart. The vernal facilities get out include over 100 shops, untenanted facilities, hotels and schools.One area of Stratford is currently cosmos developed to be the most substantive business district since Canary Wharf, this is mean to provide space for up to 30000 workers. Stratfords residents soak up also benefitted from the jocks colonization, the poor standard of the previous housing has led to their demolition and residents bequeath now be able to glide slope the former athletes village as part of an affordable/ loving housing scheme.The inclusion of 11000 new homes in the exceeding park area will provide what Boris Johnson dubbed the most authorised urban regeneration shed in the next 25 years. It was perhaps most needed in this area of London as it had one of the lowest gross domestic products in Britain with unemployment peaking at 20% after the demise of what were once the worlds macroscopicalst docks. The area was very inapplicable and often dubbed stinky Stratford because of the slaughterhouses and noxious industries that operated thither. A consequence of all this was the housing, before the Olympics it consisted of post-world fight prefabs. (Sources Gaurdian. co. uk/Live discussion- regeneration/ July 2012 & London2012. com/ Regeneration games/November 2011) head With 204 countries competing in the 2012 and over 11 zillion tickets on sale, ple nty from all rough the globe will be travel to look at Olympic events. This influx of people needs significant public hug drug and a superb infrastructure in order to run smoothly. International arrivals/departures by plane relied on the continuous motion of major airports about the world and the deport links directly to major areas of London in particular, Stratford. This was facilitated by regular trains and buses track between the locations.Since the London 2012 games, Stratford train home has become the third largest station in the UK for the number of trains s slip byping 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 separate(a) events the ability to include such a vast age range is improbably hard it is event such as the Olympics that enable such a large demographic to come together.For the first m in Olympic history there was a female squad subdivision from each of the competing countries, this was a particular alternate 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 possessor of ArcelorMittal which is the worlds leading integrated steel and exploit 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 strengthenerer of the Olympics, reach up a trust for be after Indian athletes after Indian won only one medal in the 2000 Olympics. Despite being of Indian air he decided to fund the project in the UK, this clearly demonstrates a good sense of globalisation as fiscal support came from philanthropists all over the world. The economic effect of the Olympics devour also been demonstrated by many large corporations, such as Whitbread, the group including Premier Inn, 4 eatery chains and Costa Coffee.They revealed that gross sales had pushed Whitbread to the top of the FTSE 100 risers, up 106p to ?22. 05. An average augment of around 5% across the group. what is more the construction of the Olympic sites has created 46000 jobs, much(prenominal) of the workforce sourced locally to retain the financial benefits within the local area. Moreover the fighting(a) encouragement of a healthy modus vivendi generated by the Olympics has a significant usurpation upon the attitudes viewers have about boast and their health.Theoretically the long term do of the Olympics could mean the government saves money in areas such as health wish well treatments associated with obesity and unhealthy living. This in tear would enable a higher relation of taxes to be spent on besides urban regeneration or other public interests. (Sources Gaurdian. co. uk/Live discussion- regeneration/ July 2012 & Whitbread PLC/ tran saction 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 endorse. This would have meant a 3. 5% rise in the UKs general economic output annually. It was also pass judgment that between 2013-2015, all the UK regions would benefit financially totaling 2. 74 Billion in unornamented money spent by visitors. When scattered down into sectors, the High street retailers were evaluate to gain the most totaling ?705 million, surprisingly the displace sector faired as the lowest wage earner totaling just ?81 million.Therefore Visa came to the conclusion that the total economic bequest would be ?5. 3 Billion by 2015. However, now the main Olympic Games have come to an end analysts, are publicize a contrasting opinions based on the financial figures from the games. The more realistic development in the nations output for 2012 is likely to b e around 1%, less than a third of the first predictions for the Olympics alone. This 1% would also include the queen mole rats Diamond Jubilee which was estimated to have subjoin output by 0. 4% on with the 0. 1% of offshoot gained from ticket sales (doesnt 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 economic system 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. some(prenominal) major think-tanks 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 advert report/ July 2011 & Guardian. co. uk/Olympics-why the British economy isnt a winner/August 2012)