Oxford Handbook of the New Space Economy

This handbook on the "New" Space Economy (NSE) offers the first comprehensive analysis of the contemporary space economy. The "new" is characterized by commercialization, greater participation of the private sector, innovation, and increased engagement of national governments. Using multiple approaches, the volume conceptualizes the boundaries of an emerging field of inquiry, characterized by continuity and change and involving terrestrial and extraterrestrial activities. It covers the fundamental economic, institutional, and technological dynamics and assesses the socio-economic impact of the NSE. Largely a US and European phenomenon, the evolution of the NSE in other spacefaring nations such as China, India, Japan, and Russia is also examined. In The Oxford Handbook of the New Space Economy, chapters by both academics and practitioners systematically address the changing institutional arrangements, interactions between public and private actors, and the role of innovations and entrepreneurship. As constellations of satellites for earth observations, telecommunications, the internet, GPS, and other civilian applications tackle climate change and monitor natural disasters, the unsustainability of space activities due to orbital congestion and space debris is a reality. The 1967 UN Outer Space Treaty, which views space as a "global commons," needs revisiting to address regulatory challenges in space mining and other uses of extraterrestrial resources. This volume advances the state of knowledge on the dynamics of an emerging new space economy, identifies key stakeholders, and opens up future research areas for policymaking.

Anthony P. D’Costa is an Honorary Professorial Fellow, University of Melbourne. He taught at the University of Washington, National University of Singapore, Copenhagen Business School, University of Melbourne, and the University of Alabama in Huntsville. He has published extensively on the political economy of development in India and industrial transformation in East Asia, and currently finishing his fourteenth book, Indian Business, Economic Development, and the Jobs Dilemma in the Twenty-first Century (Oxford University Press) and contributing to an edited volume Designing India: From 1947 to the Present.