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Piracy in Somalia costs billions

Besley, Timothy, Fetzer, Thiemo and Mueller, Hannes (2013) Piracy in Somalia costs billions. Africa at LSE (14 Jan 2013). Website.

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For every $120 million seized by pirates in Somalia, the cost to the shipping industry and the end consumer is between $0.9 and $3.3 billion, according to research by Tim Besley (LSE and the IGC Steering Group), Thiemo Fetzer (LSE) and Hannes Mueller (Barcelona GSE). This money is enough to employ well over a million Somalis for a whole year.

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2013 The Author(s)
Divisions: International Growth Centre
Subjects: H Social Sciences > HV Social pathology. Social and public welfare. Criminology
J Political Science > JF Political institutions (General)
Date Deposited: 28 Apr 2017 10:10
Last Modified: 01 Sep 2021 23:20

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