The welfare cost of Somali Piracy
Besley, T.
(2013).
The welfare cost of Somali Piracy.
(2013).
The welfare cost of Somali Piracy.
Somalia has topped Foreign Policy’s list of failed states for the past five consecutive years. And this has fuelled an industry which reputedly generates around $120 million per year in net profits. But at what cost to the world?