Managing Threats on the High Seas: The Role of Naval Bases on Reducing Maritime Piracy

Weak coastal states often lack an adequate, sustained naval presence to monitor and police their territorial waters. Unpatrolled waters, both territorial and otherwise, may provide pirates with substantial financial opportunities that go far beyond any single country. Maritime piracy costs the global economy on average USD 24 billion per year. This research explores the impact of naval bases on acts of piracy to determine if naval presence can decrease the likelihood of piracy. To examine this important economic and national security issue, our research employs a zero-inflated negative binomial regression model. We also rely upon a newly constructed time-series dataset for the years 1992–2018. Our study shows that the presence of naval bases is essential in helping maritime forces combat piracy. Policymakers searching for options to combat piracy should find the results of this study especially useful in creating prescriptive approaches that aid in solving offshore problems.