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Piracy in Somalia costs billions

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

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Abstract

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: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/africaatlse/
Additional Information: © 2013 The Author(s)
Subjects: H Social Sciences > HV Social pathology. Social and public welfare. Criminology
J Political Science > JF Political institutions (General)
Sets: Research centres and groups > International Growth Centre (IGC)
Collections > Africa at LSE
Date Deposited: 28 Apr 2017 10:10
Last Modified: 05 May 2017 11:00
URI: http://eprints.lse.ac.uk/id/eprint/74723

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