Scourge of the Seas - Again! Anti-piracy Services and International Trade Costs

William Kerr

Estey Centre Journal of International Law and Trade Policy, 2013, vol. 14, issue 01, 18

Abstract: After near eradication in the 20th century, piracy is again imposing significant costs on the conduct of international trade in the 21st century. In response, there has been a significant increase in the provision of anti-piracy services from both the private and public sectors. The costs associated with providing these services are considerable and it is difficult to assess their cost-effectiveness. The underlying economic forces that affect the efficacy of anti-piracy measures are explored. The conclusion is that a return to the pirate-free status of the latter part of the 20th century is unlikely.

Keywords: Institutional and Behavioral Economics; International Relations/Trade; Political Economy; Public Economics (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ecjilt:147052

DOI: 10.22004/ag.econ.147052

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