Thiemo Fetzer

PhD student
London School of Economics and Political Science
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Thiemo Fetzer is a PhD student affiliated with STICERD at the London School of Economics and Political Science.  His main areas of research are development economics, behavioural economics and applied economics.

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Piracy in Somalia costs billions

For every $120 million seized by pirates in Somalia, the cost to the shipping industry and the end consumer is between $0.9 and $3.3 billion, according to research by Tim Besley (LSE and the IGC Steering Group), Thiemo Fetzer (LSE) and Hannes Mueller (Barcelona GSE). This money is enough to employ well over a million Somalis for a whole year.

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