The Political Economy of Plunder

@article{Jablonski2013ThePE,
  title={The Political Economy of Plunder},
  author={Ryan S. Jablonski and Steven Oliver},
  journal={Journal of Conflict Resolution},
  year={2013},
  volume={57},
  pages={682 - 708}
}
Maritime piracy is a growing scourge on the international community—imposing large costs on maritime states and the shipping industry, as well as potentially undermining state capacity and funding terrorism. Using original data on over 3,000 pirate attacks, the authors argue that these attacks are, in part, a response to poor labor market opportunities. To establish this, the authors take advantage of the strong effect of commodity prices on labor market opportunities in piracy-prone states… 
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