Local Development Benefits from Staging Global Events
This report was developed by the Organisation for Economic Co-operation and Development (OECD) and published in 2008.
The OECD Programme on Local Economic and Employment Development (LEED), concerned with the issue of how major international events can help promote local development, approved key principles which were published in this report and have been used by cities and national governments as guidance for bidding, hosting and leveraging local benefits. The author proposes a framework for the local benefits of global events and presents several case studies on trade fairs and exhibition events, cultural events, sports events, and political summits and conference events.
The LEED Programme, having observed the catalytic nature of global events, started from the premise that capturing local benefits does not happen automatically or by accident. The report stated “the most successful host countries and cities have a long term plan that the event helps them to implement, and a dedicated management effort aimed at securing the benefits and the legacy for some time before the event is staged, and for several years afterwards. And will have ensured that the highest levels of integrity are demonstrated throughout the process”.
The IAEH is collaborating with the OECD in revising and further developing the key principles and recommendations on global events and local development.