Special Lecture: 2020 Olympics—An Economic Boost?
On September 7, 2013, the IOC selected Tokyo over Madrid and Istanbul as the hosting city for the 2020 Olympics. Many people in Japan celebrated that Tokyo, which hosted the games in 1964, would be hosting again with Omotenashi. Japan's bid for the 2020 Olympic Games envisioned a compact, inexpensive event. The predicted boost in tourism would stimulate the economy to such an extent that some referred to the Games as the Abe Administration's "fourth arrow".
Economic studies have shown that the economic benefits from hosting the Olympics and other such "mega-events" tend to be small and relatively fleeting. Olympics seldom yield the revenues predicted by its organizers. In his special lecture, Prof. Michael Leeds will examine how each stakeholder plays a role in preparing for the Olympics and will discuss the impact of the Olympics on the Japanese economy.
About the Instructor
Michael A. Leeds
Michael A. Leeds is a Professor of Economics and Director of Graduate Studies in Economics at Temple University. His research has appeared in The Journal of Urban Economics, Economic Inquiry, Social Science Quarterly, The Journal of Sports Economics, etc. He is coauthor of The Economics of Sports, a prominent textbook in the field, and coeditor of the Handbook on the Economics of Women in Sports. His current research focuses on gender differences in response to economic contests and the economics of baseball in Japan. From 2007 to 2009, he was Assistant Dean at Temple University, Japan Campus, to which he returns to teach for the Executive MBA program. Since 2014, he has also been a visiting professor at Meiji University.