Economics - International - Somalia - United States - Piracy
Maritime piracy costs the global economy between $7 billion and $12 billion annually, and since January 2010 pirates working from ports in Somalia have received approximately $75 million to $85 million in ransom payments in what has become a seemingly increasingly lucrative profession in the failed state. The United States is working with other entities in the international community to help build governance, security and economic livelihoods throughout the horn of Africa country.

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