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Space Commercialisation: Prospects, Challenges and Way Forward

 
G.S. Sachdeva (Author)
Synopsis

Considerable prospecting has been done in outer space to find natural resources and mineral deposits that can be excavated. Commercial space travel and tourism have been found technically feasible and economically viable. So is the enthusiasm for demographic migration to celestial bodies. Governments are not inclined to invest in commercial development and allied ventures. So, private players are ready, having harnessed technology and mustered funds and enough guts to take risks. Thus, the commercial scene in outer space activities is brimming with anticipation.

The challenge is legal. Space law brooks no sovereignty on celestial bodies; private appropriation of celestial resources is not permitted and profit accruals from commercial activities in outer space have to be shared for the benefit of all countries. Other incidental challenges are that the share of each country and the modalities of distribution are not yet in place. And there is no competent organization to ensure incumbent regulation and compliance.

Humanity should not be made to wait endlessly to enjoy this bonanza from outer space. This book describes such potentialities, discusses legal implications and explores the way forward with practical suggestions for immediate action as well as long-term plans for implementation.

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About the author

G.S. Sachdeva

Prof (Dr.) G.S. Sachdeva has been one of the pioneer-scholars in the fields of space Law for three decades. He is currently Adjunct Professor, Centre for International Legal Studies, school of International Studies, Jawahaelal Nehru University, New Delhi, and Centre for Air and Space Law, NALSAR University of Law, Hyderabad. He is also Guest Faculty for WB National University of Juridical Science, Kolkata, and Indian Academy of Diplomavy and International Law under the aegis of the Indian Society of International Law, New Delhi.

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Bibliographic information

Title Space Commercialisation: Prospects, Challenges and Way Forward
Author G.S. Sachdeva
Format Hardcover
Date published: 02.02.2019
Edition 1st. ed.
Publisher Pentagon Press
Language: English
isbn 9789386618696
length 254p.