Opinion and Analysis
By MARTIN DIAS
Major world economies are based on multiple and
diverse sectors that channel their output to the national basket and
further contribute significantly to their continued stature in the
global economic position.
With the changing world, talent, innovation and creativity
are some of the new areas that global markets are cashing in on. This is
mostly seen in sports which have placed little known countries on the
international radar, attracting lucrative investments.
Deriving from Kenya’s top performance for the first
time in the just-concluded IAAF competitions in Beijing, the publicity
and celebrations that come with such acclamation have huge potential to
bring along goodies generated from international attention.
Sport is actually a marketing tool that creates
awareness on what is less anticipated in other countries. Local
athletes’ performance raises curiosity on the international scene about
Kenya, a fact that automatically attracts more tourists to the country.
As all eyes were on Kenyan athletes at the world
competition, it was obvious that many people were asking: “Who is Kenya
and how did such a developing country beat even superpower nations?”
Countries that perform well in international
sporting events normally depict stability in governance. Stability is a
bridge that attracts visitors in large numbers to experience the culture
that is shaking the world of sports.
Sports is no longer viewed as an entertainment
activity, but is also tapped to boost economies. To prove this,
countries often face fierce competition for the opportunity to host the
World Cup or the Olympics or in our case the IAAF World Championships.
Apart from national glory, what economic benefits
can host countries gain from accommodating this world-renowned event?
Many estimates suggest that long-lasting gains can be made from hosting
the games — from employment opportunities and boosting the economy, to
the legacy of national infrastructure.
Organising a large-scale event can offer host countries opportunities to make massive new investments in a variety of sectors.
Organising a large-scale event can offer host countries opportunities to make massive new investments in a variety of sectors.
The host city often benefits from expanded
airports, better stadiums, improved transport systems and better IT
services. The World Cup, for instance, can provide economic stimulus and
focus for far-reaching projects and accelerate infrastructure project
completion.
South Africa, which hosted the 2010 World Cup,
experienced tremendous economic change in the region which made
commercial life much easier for the residents, with new roads, transport
links, telecommunications and infrastructure.
Investment in stadiums created 6,000 new
construction jobs and the security demands of the tournament meant that
the country had an additional 40,000 police officers during the games.
There has also been a reputation boost for South
Africa that has helped to bring inward investment and visitors. While
the initial estimate was for 450,000 foreign visitors, figures from the
South African Home Affairs ministry suggest that 200,000 extra foreign
World Cup fans arrived for the tournament.
Reports have shown that countries that host
sporting events have an opportunity to raise their profile in the eyes
of international communities and even form new allies.
It is an invaluable advertising platform for a
country through massive media coverage and showcasing of the cities,
natural beauties and other scenic attractions that can be visited by
foreigners attending such events.
For a country that is struggling with limited
resources amidst a growing population of unemployed youths, it will be
prudent for the government and stakeholders to take advantage of our
dominance in athletics to attract investment and encourage a sporting
culture.
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