LEGAL ASPECTS OF INTL BUSINESS Essay Example | Topics and Well Written Essays - 500 words - 1

LEGAL ASPECTS OF INTL BUSINESS - Essay Example The South Korean resort of Pyeongchang was the favorite to host Games but Putin made it his personal mission to get the bid, travelled to Guatemala City in 2007 and make Russia final pitch and sweet talked members of International Olympic Committee into voting in the favor of Sochi. IOC member Jean-Claude Killy said it was very important to have the presence of Putin and he spoke French that he never speaks. The cost has presently risen (Bloomberg Business Week). Sochi price tag is some sort of embarrassment. The Sochi game is quite relevant in the study of games and sport in class. It is quite agreeable that the cost is high because it is being set in an expensive defying climate. The Krasnaya Polyana is filled with snow every February and the lower slopes have average wintertime temperature of fifty-two degrees. The officials have to drain swamps, store the previous year’s snow and install over four hundred snowmaking machines. Seventy thousand laborers working seven days a week for as little as U.S Dollar five hundred a month to build over twenty thousand new hotel rooms, new roads tunnels and bridges, renovated airport and new railway lines. A more sinister reason for the rise of the budget is the Beijing extravagant expenditure in the 2008 Summer Olympic. In addition, Sochi Olympics are unprecedented thieves. The contractors who are Putin cronies had a phony cost of over twenty six billion. The estimated cost of the road and railway to be constructed was estimated a cost of $ 8.7 billion. Terrorism is also an issue of concern. Doku Umarov a Chechen rebel leader has urged the Islamist fighters in the surrounding area of North Caucasus to cause much bloodshed on the games as possible (Bloomberg Business Week). The Olympics states that Umarov is held on the bones of their ancestors and many dead Muslims are buried on the territory land of the black sea. To prove that the threat was not ideal,