The economic legacy of world expos: Analyzing long-term benefits for host nations

World Expos, globally recognised mega-events, have long been celebrated as platforms for showcasing cultural exchange, technological advancements, and national achievements. In addition to their social and diplomatic significance, these events have profound economic impacts on the host countries, creating short-term and long-term ripple effects across various sectors. This research paper delves into the multifaceted economic implications of hosting World Expos, focusing on how these events stimulate national economies through infrastructure development, tourism, foreign direct investment, and urban regeneration. By examining case studies of previous expos, such as Expo 2010 Shanghai and Expo 2020 Dubai, the analysis not only evaluates the direct financial benefits but also emphasisess the broader, often more enduring, economic outcomes, including employment generation and international trade expansion, instilling a sense of optimism about the long-term benefits of hosting such events. Furthermore, the study addresses the challenges faced by host nations, including cost overruns, underutilisation of post-expo infrastructure, and the potential economic disparities that may arise. Through a comprehensive exploration of these dynamics, the paper offers insights into strategic measures to maximise the economic gains of hosting a World Expo while mitigating associated risks. Ultimately, this research contributes to the ongoing discourse on how mega events like World Expos can catalyse sustainable economic growth and development in host countries.

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Publication Details

Journal
Multidisciplinary Science Journal
Published
2024-10-25
DOI
https://doi.org/10.31893/multiscience.2025235
Primary Topic
Environmental Impact and Sustainability
Type
article
Field-Weighted Citation Impact
0.00

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article

The economic legacy of world expos: Analyzing long-term benefits for host nations

Akram Masoud Haddad, Ashok K. Chopra, Nagendra Singh Panwar
Multidisciplinary Science Journal
Environmental Impact and Sustainability
article

The economic legacy of world expos: Analyzing long-term benefits for host nations

Akram Masoud Haddad, Ashok K. Chopra, Nagendra Singh Panwar
article en

Abstract

World Expos, globally recognised mega-events, have long been celebrated as platforms for showcasing cultural exchange, technological advancements, and national achievements. In addition to their social and diplomatic significance, these events have profound economic impacts on the host countries, creating short-term and long-term ripple effects across various sectors. This research paper delves into the multifaceted economic implications of hosting World Expos, focusing on how these events stimulate national economies through infrastructure development, tourism, foreign direct investment, and urban regeneration. By examining case studies of previous expos, such as Expo 2010 Shanghai and Expo 2020 Dubai, the analysis not only evaluates the direct financial benefits but also emphasisess the broader, often more enduring, economic outcomes, including employment generation and international trade expansion, instilling a sense of optimism about the long-term benefits of hosting such events. Furthermore, the study addresses the challenges faced by host nations, including cost overruns, underutilisation of post-expo infrastructure, and the potential economic disparities that may arise. Through a comprehensive exploration of these dynamics, the paper offers insights into strategic measures to maximise the economic gains of hosting a World Expo while mitigating associated risks. Ultimately, this research contributes to the ongoing discourse on how mega events like World Expos can catalyse sustainable economic growth and development in host countries.

Multidisciplinary Science JournalVol. 7(5)
University of Dubai (AE), Amity University (AE)
Amity University
Openalex Percentile: Top 81%
Environmental Impact and Sustainability
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