Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2022, Qingdao, China

Research Article

The Impact of the Asteroid Mining Industry on Global Equity

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  • @INPROCEEDINGS{10.4108/eai.17-6-2022.2322831,
        author={Yiteng  Xu and Miao  Xu and Jiang  Lin},
        title={The Impact of the Asteroid Mining Industry on Global Equity},
        proceedings={Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2022, Qingdao, China},
        publisher={EAI},
        proceedings_a={ICIDC},
        year={2022},
        month={10},
        keywords={global equity asteroid mining technological progress index global poverty rate},
        doi={10.4108/eai.17-6-2022.2322831}
    }
    
  • Yiteng Xu
    Miao Xu
    Jiang Lin
    Year: 2022
    The Impact of the Asteroid Mining Industry on Global Equity
    ICIDC
    EAI
    DOI: 10.4108/eai.17-6-2022.2322831
Yiteng Xu1,*, Miao Xu1, Jiang Lin1
  • 1: 1158 No.2 street Jianggan District
*Contact email: 1056536854@qq.com

Abstract

Since asteroid resource contains rare metals and minerals which its benefits are considerable. However, there is also the issue of the global equity of asteroid mining resources along with the benefits. Focusing on promoting global peace and reduce inequality, this article contributes to define and quantify global equity and imagine the future of asteroid mining and its impact on global equity, thereby providing recommendations of the revision of space treaties. In order to establish global equity model, we propose a standard for judging equity from these two aspects. Firstly, basing on the global standards of equity in food, housing, other services necessities, and labor value, we propose two indicators: the first indicator is global poverty rate (human rights equity) which taking diet, housing, and other services necessities into account, and the second indicator is difference coefficient of the global labor value ratio (labor equity). For the future asteroid mining, we estimated current costs and benefits from asteroid mining. In order to describe the future development of the industry, we define technological progress index γ according to the law of technological development.