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Economic Impact And International Response Of Somali Piracy In The 1900s

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What were the root causes, economic impact and International Response of Somali piracy in the 1900s and on?

Piracy was only a small part of the overall Somali problem, but it is an event caused by the collapse of the Somali state. The piracy caused problems towards their economy, their relations with other countries, and more causes just from inside the country. The piracy didn’t only have negative effects but also positive. Piracy has occurred multiple times off the coast of Africa since about 2005, and the situation has just been getting worse since those years. These kinds of actions are more common in impoverished areas to make people feel as though their time and effort mean something. One of the areas being Somalia. Furthermore, …show more content…

Almost profiting 300 million dollars in 2010, Somalia wasn't the only country that benefited from the pirate activity. Towns and ports all along the Gulf of Aden have had enormous benefits. Haradheere, a small port town on the East coast of Somalia, had a 24-hour stock exchange where members of the community contributed weapons and funding, then received a portion of payment in return. The strategy for effectively tackling piracy in the Horn of Africa, the economic reasons for turning to piracy should’ve been examined. The pirates needed a source of income to get supplies for their activities. After having a successful hijack, ships are brought to Somali coastal cities where the residents there then sell the goods to pirates, restoring the economies of multiple …show more content…

“Piracy-related business has become the main profitable economic activity in our area and as locals we depend on their output … the district gets a percentage of every ransom from ships that have been released, and that goes on public infrastructure, including our hospital and our public schools.” This was said by a town official talking about how the piracy had changed the town of Xarardheere from a small fishing village to a town that could afford luxury

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