extent will the privatization of space exploration advance humanity in social benefits and economic advances. The issue of allowing or funding space programs has been the subject of debate across many nations around the world. Governments of various nations in today’s economy have to deal with the issue of debt and budgeting and many of their space programs have had to face funding cuts in more ways than one. Many nations such as the United States and Russia have had their space programs from the
slightly more than a decade ago, space exploration industry was completely controled by government space agencies, among them the famous Russian space agency and NASA. However, in recent years, commercial companies are starting to join the sapce race. After a number of analysis, it is plain that having private sectors in the space exploration industry is simply not the best idea. Some advocates supporting the privatization of space industry claimed that privatizing space can lead to a number of beneficial
CHAPTER - I INTRODUCTION “History has come to a stage when the moral man, the complete man, is more and more giving way, almost without knowing it, to make room for the commercial man, the man of limited purpose. This process aided by the wonderful progress in science, is assuming gigantic proportion and power causing the upset of man’s moral balance, obscuring his human side under the shadow of soul-less organization.”- Rabindranath Tagore, Nationalism, 1917. Aristotle felt that the purpose of
require more than piecemeal rules created on a case by case basis; it will require a deep analysis of the proper hierarchy between international law and domestic courts, as well as the duties arbitrators should assume as private law fills much of the space once reserved for the state. Reducing parallel proceedings would help solve practical problems, such as the waste of money and undermining of legal certainty that occur when adjudicating in multiple forums. More importantly, it might also ease some