Socioeconomic Analysis of Piracy in the Northern Indian Ocean and its Solutions from the International Law Viewpoint

Maritime transport has become significant as the backbone of global trade and, consequently, globalization, which is the basis of the globalizing project of the economy, which, with an attitude of dependence on the development of countries and the international maritime trade, lends more importance to maritime trade. Securing maritime trade, with the emergence of recent insecurity as the most important concern for the countries that benefit from this, is one of the most important options for world trade due to its high transport capability, low cost and ease of transportation. As a result of the vast dependence of countries on maritime trade, there are various problems, such as piracy and environmental pollution, which, in turn, has become a global downfall. Modern piracy has new patterns. Although the nature of the crime is the very essence of this activity, the context for replacing these changes is to be considered. Piracy and robbery not only can stop the logistics chain from leading to economic consequences, but also it will lead to the loss of life, short-term and long-term health problems for seafarers and travelers; the consequences that require more analysis. In this article, we have tried to investigate the history of piracy and analyze the pathology of this global problem and provide solutions for the issue.

Keywords:

Piracy , Maritime Trade , Socioeconomic Costs , Northern Indian Ocean