The Olympics Success Formula: Will the Pyeongchang Olympics Prove Different?

Jonathan Lim

The economic success of the 2018 PyeongChang Olympics in South Korea will require sustainable strategies that recognise both the temporary and sustained benefits of the games. The 2014 Sochi and 2012 London Games involved cost overruns that illustrated the burdensome legacies that accompany hosting the Olympics, including massive taxpayer bills, security costs, and abandoned infrastructure. Conversely the legacy of the 1988 Seoul Olympics illustrates the potential of these events to promote economic growth, establish partnerships, effect i