The Impact of Transnational Corporations on the Regulatory Framework for the World Market for Space Services and Technologies -

Article

Open Access

by Dmytro Bezzubov¹ and Olga Pravotorova²
¹ State University of Infrastructure and Technology (Kyiv, Ukraine)
² Kherson State University (Kherson, Ukraine)
DOI: https://doi.org/10.29202/asl/6/1
Received: 11 August 2020 / Accepted: 30 September 2020 / Published: 10 December 2020

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Abstract

The article reveals the place and role of multinational corporations in the world market for space services and technologies. The authors highlight trends in globalization and cosmization of the world economy, which have both positive and negative effects. The advantage of the private sector’s entry into space exploration is the recognition of high-tech companies contributing to economic growth as worthy of investment. The practice of transnational companies to affect the economic and legal sphere of the countries of their presence and violate the fundamental rights of its citizens is outlined as a negative trend. Theoretically, probable variants of the regulatory framework for the world market for space services and technologies with transnational corporations’ participation are projected. It is proposed to create a global administrator in space activities — the World Space Union.

Keywords: transnational corporation, space, law, world market, space services, space technologies, global administration, global administrator.

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Bezzubov, Dmytro and Olga Pravotorova (2020) The Impact of Transnational Corporations on the Regulatory Framework for the World Market for Space Services and Technologies. Advanced Space Law, Volume 6, 4-12. https://doi.org/10.29202/asl/6/1

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