POLITICAL ECONOMY OF OLYMPIC GAMES
Abstract
The purpose of the article is to analyze how IOC voting process modifies the Olympic ideals and sport development in host countries. The authors analyze a representative democracy within the Olympic Movement (the features of the functioning of the IOC, NOCs and other public organizations in the process of Olympic Games preparation). The article discusses the features of the decision making process at different stages of the hosting country selection. Candidature Acceptance Procedure includes 11 indicators. The authors describe these indicators and analyze the importance of each of them for final score. A special attention is paid to the voting procedure in the final part of the decision. The authors investigate the factors contributing to the developmentof principal-agent problem, logrolling and bureaucracy. Features of voting and logrolling are based on the choice of 2014 Olympic Winter Games capital (Sochi, Russia).Influence of Olympic Games on the host country’s economy is investigated on the base of major macroeconomic factors. Authors show the dependence between chosen model of administration and financing and economy and sport development in SR and LR.The authors draw conclusions on how to improve the constitutional framework for the reduction of the prerequisites for the emergence of informal relations in the decision to host sports mega events.
About the Authors
R. Nureev
Financial University
Russian Federation
Russian Federation
E. Markin
Russian State University of Physical Education
Russian Federation
Russian Federation
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Review
For citations:
Nureev R., Markin E. POLITICAL ECONOMY OF OLYMPIC GAMES. Review of Business and Economics Studies. 2015;3(1):5-33. (In Russ.)
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