money spent on organizing worldwide sports festivals
It is true that there are some conflicting views about the benefit of organizing worldwide sports festivals. While some argue that holding on to sports events is advantageous for countries, I agree with those who believe that money spent on those kinds of events should be used for other purposes instead.
On the one hand, hosting international sports festivals can significantly develop the countries' economies. To explain, it is known that those events attract a huge amount of sports fans to attend, which means there will be a lot of visitors visiting the country for this reason. The more visitors come, the more beneficial that tourism and service industries are from those entertainment activities. For example, Korea witnessed a dramatic increase in its economy thanks to hosting the winter Olympic game in 2019
On the other hand, there is an underlying assumption that those worldwide sports events could turn out to be a challenge to developing and poverty countries because they have to spend a lot of money and effort on unnecessary factors. In other words, it would be an enormous waste if the host country just focus on inventing sports infrastructures and equipment but forgot other important demands such as hospitals, schools, etc. For instance, the idea of building a worldwide-standard stadium in Vietnam was cancelled after receiving too much hate and against opinions from citizens due to its huge cost and little applicability.
In conclusion, although being a host nation can have beneficial influences on the country's economy, I agree with the opinion that it is not a wise decision to spend too much money on those events but ignore other needs of the country.