© Khunaspix Dreamstime.

Somali piracy appears to be on the wane, but there is something about the phenomenon itself which holds an enduring interest. The UN has recently completed an in-depth study of the pirates’ business model in Somalia, which has found a highly structured industry replete with investors, detailed record keeping and a strict commercial hierarchy, all of which are subject to the winds of free market forces.

Comment on this article

You must be logged in to post a comment.