SOPHISTICATED PIRATE ORGANIZATIONS

NEW FROM THE ECONOMIST  The Economist

Somali Piracy  Updated 3/3/2006

More Sophisticated Than You Thought

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A new study reveals how Somali piracy is financed

Nov 2nd 2013 |From the print edition :  

The Economist

 "PIRACY remains a concern for ships passing the Horn of Africa, even though the number of incidents has plummeted since 2011, when armed protection was beefed up on board many large vessels. The topic grips the public imagination. Witness the success of “Captain Phillips”, a film in which a vessel captained by the actor Tom Hanks is hijacked by Somalis. Yet the pirate economy is poorly understood. A report*, to be released on November 4th by the World Bank, the UN and Interpol sheds new light."  From The Economist:  http://www.economist.com/news/middle-east-and-africa/21588942-new-study-reveals-how-somali-piracy-financed-more-sophisticated-you  Click on any of the links in this post to read the full article by The Economists.