The Impact of International Events on Urban Economic Development

According to urban economic theory, large-scale international events expand the economic functions of cities, accelerate infrastructure modernization, and increase the economic value of urban space. Investments in transportation systems, public spaces, hotels, and entertainment facilities enhance the long-term economic attractiveness of cities and stimulate sustainable urban economic growth.

Moreover, the theories of reputation and image economy play a crucial role in explaining the indirect economic effects of major international events. The successful organization of international events contributes to shaping a country’s international image as a reliable partner, a safe destination for investment, and an attractive tourism hub. Consequently, international events generate not only short-term economic benefits but also long-term strategic advantages by strengthening cities’ positions within global economic networks and supporting sustained economic development.