space exploration does not strengthen the economy

But the truth is, space exploration technology, and other discoveries and technologies that arise because of it, are incredibly influential and beneficial; not only does space research improve the economy by keeping scientists and engineers employed, it also results in new tech and gadgets—some of which we use in our everyday lives. Read … The word “will” implies that Space Exploration has no impact at present when in fact it already has and it has since space exploration began in the 1950’s!! In addition to the growing national space programs, the global commercial space industry is ushering in a new era. When you add in the costs from other countries and their space programs, our planet spends … Space exploration is a costly venture. Supporters claim that with the advancements in science, we are now able to use satellites to monitor the weather, atmosphere and discover new things which are applied in our daily lives. And most recently the U.S.-China Economic and Security Review Commission in a report, "China's Space and … It can, however, be argued that a responsible approach to commercial space exploration, with legislation comparable to a model like the Antarctic Treaty [6], would ensure commitments to sustainability. humans and robotic space systems is not only essential for solar system exploration, but also promises to expand many benefits provided to people on Earth. Although that seems small when compared to the total U.S. budget of $3.95 trillion for that year, that figure does need to be put in perspective. Space exploration used to be limited to a few countries and government agencies. Space economy is the full range of activities and the use of resources that create value and benefits to human beings in the course of exploring, researching, understanding, managing, and utilizing space. The answer is that space exploration may cost some money up front, just as any investment does. Investment in deep space exploration programs today will allow human space exploration to continue pushing conceivable limits tomorrow and well into the future. Australia’s space industry is set to grow into a multibillion-dollar sector that could provide tens of thousands of jobs and help replenish the dwindling stocks of precious resources on Earth. The New Space sector is a fast-growing market, boosting the historical institutional Space exploration programs into commercial applications. The amount of money being spent on space research is in the billions and it has achieved extraordinarily little except for a bit of improved technology which would probably have come about anyway by other means. It would be reasonable to argue that the expenditure of vast sums of money on space exploration does not help the present outcomes of people living in the poorest parts of the world. The OECD Space Forum conducts original economic research, develops indicators and studies on measurement and impact assessment. And, the economic boon to space exploration-centered communities in Florida and Texas should not be discounted. A New Space Economy on the Edge of Liftoff . Approved by eNotes Editorial Team Jonathan Beutlich, M.A. Space exploration has always provided the "new frontier" of science ever since Sputnik and the U.S. Apollo program. Exploration … As technology advances and demand for space exploration grows, more private enterprises have joined the space field. "Whether working to send the first woman and next man to the Moon or helping improve the technology that carries passengers from Portland, Maine, to Portland, Oregon, NASA innovators are constantly creating new technology," said Jim Reuter, associate administrator of the agency's Space Technology Mission Directorate in Washington. 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