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Despite the international focus on the pirates who prey on commercial ships off Somalia's coast, the problem's actually getting worse. There were 33 known hijackings in 2009, but there were 35 recorded in January 2011 alone.

"It is an exceedingly simple economic crime," author Daniel Sekulich says — a problem that's globally worth more than $7 billion a year, and rising.

He sat down with the CBC's Dianne Buckner and Kevin O'Leary recently to discuss the problem.