Welcome to the InfoSci Platform
Developing Institutions for the New Space Race: Examining the Privatization of Space Exploration and Its Implications for International Business

Developing Institutions for the New Space Race: Examining the Privatization of Space Exploration and Its Implications for International Business

Luis Alfonso Dau, Elizabeth M. Moore, James Arie Figgins, Julián Martínez-Rincón
Copyright: © 2019 |Pages: 17
ISBN13: 9781522575610|ISBN10: 1522575618|ISBN13 Softcover: 9781522586074|EISBN13: 9781522575627
DOI: 10.4018/978-1-5225-7561-0.ch006
Cite Chapter Cite Chapter

MLA

Dau, Luis Alfonso, et al. "Developing Institutions for the New Space Race: Examining the Privatization of Space Exploration and Its Implications for International Business." International Firms’ Economic Nationalism and Trade Policies in the Globalization Era, edited by Harish C. Chandan and Bryan Christiansen, IGI Global, 2019, pp. 99-115. https://doi.org/10.4018/978-1-5225-7561-0.ch006

APA

Dau, L. A., Moore, E. M., Figgins, J. A., & Martínez-Rincón, J. (2019). Developing Institutions for the New Space Race: Examining the Privatization of Space Exploration and Its Implications for International Business. In H. Chandan & B. Christiansen (Eds.), International Firms’ Economic Nationalism and Trade Policies in the Globalization Era (pp. 99-115). IGI Global. https://doi.org/10.4018/978-1-5225-7561-0.ch006

Chicago

Dau, Luis Alfonso, et al. "Developing Institutions for the New Space Race: Examining the Privatization of Space Exploration and Its Implications for International Business." In International Firms’ Economic Nationalism and Trade Policies in the Globalization Era, edited by Harish C. Chandan and Bryan Christiansen, 99-115. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-7561-0.ch006

Export Reference

Mendeley
Favorite

Abstract

This chapter examines the dynamic of the major actors in today's new space race. The initial space race featured nation-states as the primary actors. However, the current space race has undergone privatization and now features corporations as additional key players, along with developing nations. The result is the semi-private commoditization of a public good that crosses through different hemispheres, as well as competition between actors from both the firm and state level. Building on world systems theory and institutional theory, this chapter argues that the privatization of space exploration mandates the construction of inter-hemispheric institutional frameworks that apply globally. A descriptive case study that juxtaposes India and SpaceX offers foundational insight into how inter-hemispheric institutions are created. Given the challenging parity between state sovereignty and global consensus and its influence on firm behavior, this chapter proposes an exploratory examination of the processes and strategic choices behind inter-hemispherization to incite future scholarship.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.