THE PROSPECTS FOR ENDING PIRACY AT SEA

Risk Governance & Control: Financial Markets & Institutions

关键词: Piracy;    International Supply Chains;    Maritime Transport Industry;   

DOI  :  10.22495/rgcv4i3art2

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

Since the earliest days of maritime trade, piracy has been a great cause of concern for the maritime community. During recent years it has evolved into a highly lucrative “profession”, which serves as a financial outcome to people in some of the poorest regions of the world, including Somalia, while disrupting important international supply chains at a great cost to trade. This paper investigates the geography of modern maritime piracy and the common socio-economic circumstances that underlie the causes of Somali piracy. Key findings include the fact that maritime piracy in the Gulf of Aden has recently declined as a result of coordinated international efforts, but remains a serious threat with cost implications for the maritime transport industry and world trade. The paper concludes by identifying the need in Somalia to change the incentive structure that promotes piracy as an alternative to legal pursuits. This can be achieved by restoring a central authority in the country, creating a stable and safe social environment, and re-establishing formal economic and financial systems.

【 授权许可】

CC BY-NC