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A cause for concern: Forthcoming regulatory competition in the burgeoning NewSpace industry
Acta Astronautica ( IF 3.5 ) Pub Date : 2021-05-17 , DOI: 10.1016/j.actaastro.2021.05.015
Steve Simon

Entrepreneurs and blue-chip corporations alike are seeking to capitalize on outer space's bountifulness, setting the NewSpace industry's growth ablaze and establishing an engine for an economic and technological revolution. However, meaningful impediments that could stifle the industry's growth are still present. The wide array of newly forming opportunities, pursued by a myriad of actors with various interests, encourages national legislatures to regulate where current international law leaves uncertainty. Such encouragement has created a landscape of conflicting national legislations, which thereby constructs an environment of regulatory competition as states vie for the attention of the NewSpace industry. This paper assesses some of the regulatory competitions already underway as well as provides insights into likely future competitions as technology improves and interest in NewSpace grows. Ultimately, this paper finds and warns of the effects of these competitions; specifically that, in many cases, the rise of regulatory competition threatens to lower the standards of governing policies. In such circumstances, this paper foresees the growing possibility of inhibiting the development of NewSpace, an unsettling outcome and a worthy cause for concern.



中文翻译:

令人担忧的一个原因:新兴的新太空行业即将到来的监管竞争

企业家和蓝筹公司都在寻求利用外太空的丰富资源,点燃 NewSpace 行业的增长,并为经济和技术革命建立引擎。然而,可能扼杀该行业增长的重大障碍仍然存在。众多具有不同利益的行为者所追求的大量新机会鼓励国家立法机构对当前国际法存在不确定性的地方进行监管。这种鼓励造成了国家立法相互冲突的局面,从而构建了一个监管竞争的环境,因为各国都在争夺 NewSpace 行业的注意力。本文评估了一些已经在进行的监管竞争,并随着技术的进步和对 NewSpace 的兴趣增长,提供了对未来可能发生的竞争的见解。最终,本文发现并警告了这些竞争的影响;具体而言,在许多情况下,监管竞争的兴起可能会降低管理政策的标准。在这种情况下,本文预见了抑制 NewSpace 发展的可能性越来越大,这是一个令人不安的结果,值得关注。

更新日期:2021-07-04
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