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From its birth in the late 1990s as the jihadist dream of terrorist leader Abu Musab al Zarqawi, the Islamic State (known by a variety of names, including ISIS, ISIL, and al Qaeda in Iraq) has grown into a massive enterprise, redrawing national borders across the Middle East and subjecting an area larger than the United Kingdom to its own vicious brand of Sharia law. In The Islamist Phoenix, world-renowned terrorism expert Loretta Napoleoni takes us beyond the headlines, demonstrating that while Western media portrays the Islamic State as little more than a gang of thugs on a winning streak, the organization is proposing a new model for nation building. Waging a traditional war of conquest to carve out the 21st-century version of the original Caliphate, IS uses modern technology to recruit and fundraise while engaging the local population in the day-to-day running of the new state.



About the Author

Loretta Napoleoni

Loretta Napoleoni is the bestselling author of Maonomics, Rogue Economics, Terror Incorporated and Insurgent Iraq. She is an expert on terrorist financing and money laundering, and advises several governments and international organizations on counter-terrorism and money laundering. As Chairman of the countering terrorism financing group for the Club de Madrid, Napoleoni brought heads of state from around the world together to create a new strategy for combating the financing of terror networks. Napoleoni is a regular media commentator for CNN, Sky and the BBC. She is among the few economists who predicted the credit crunch and the recession, and advises several banks on strategies to counter the current ongoing crisis. She lectures regularly around the world on economics, terrorism and money laundering. Loretta is also a columnist and writes about terrorism, money laundering and the economy for several European financial papers including El Pais, The Guardian and Le Monde. In the 1990s she was among the first journalists to interview the Red Brigades, the Italian Marxist armed group. She subsequently spent three years interviewing members of other terrorist organizations. In 2003 she interviewed followers of al Zarqawi in both Europe and in the Middle East. Born and raised in Rome, in the mid 1970s she became an active member of the feminist movement and a political activist. She was a Fulbright scholar at Johns Hopkins University's Paul H. Nitze School of Advanced International Studies in Washington DC and a Rotary Scholar at the London School of Economics. She has a PhD in economics and a Masters of Philosophy in international relations and one in terrorism. She began her career as an economist, working for several banks and international organizations in Europe and the US. In the early 1980s she spent 2 years in Budapest at the National Bank of Hungary working on a project for the convertibility of the florin that ten years later became the blueprint for the convertibility of the rouble. In he 1980s she worked for a UK registered Russian Bank, Moscow Narodny Bank, which acted as the foreign branch of the Bank of Foreign Trade. This position afforded her a unique insight into the Soviet economy. In 1992 she produced the final documentation for the structure of the International Bank for Reconstruction and Development, IBRD. She teaches a course at Judge Business Schools, Cambridge.Napoleoni 's books include Modern Jihad (Pluto Press, London, 2003) ; Terror Inc. (Penguin, London, 2004) ; Insurgent Iraq (Seven Stories Press, New York, 2005) ; Terror Incorporated (Seven Stories Press, New York, 2005) ; Rogue Economics (Seven Stories Press, New York, 2008) ; Terror and the Economy (Seven Stories Press, New York, 2010) and Maonomics: Why Chinese Communists Are Better Capitalists Than We Are (Seven Stories Press 2011) . Her latest book is the best seller Islamist Phoenix (Seven Stories Press, New York, 2014) . "The IS does



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