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

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. [ABSTRACT FROM AUTHOR]