| Foreword | p. ix |
| Introduction | p. xi |
| Preface | p. xiv |
| Acknowledgements | p. xvii |
| Prologue--11 September: a former member of an Italian armed group reflects on old and new terror | p. xix |
| The Cold War Years: The Economic Dependency of Terror | |
| The Dilemma of Terrorism: War or Crime? How 11 September could have been avoided had the US regarded the first bombing of the World Trade Center as an act of war instead of a domestic crime | p. 3 |
| The Macroeconomics of Terror: The birth of modern armed groups: from the ashes of the colonial war to the war by proxy of the Cold War. Terror becomes a political reality | p. 11 |
| The Privatisation of Terror: Armed groups search for financial independence. How Arafat transformed the PLO into the independent economic engine of the Palestinians' struggle for self-determination | p. 29 |
| Terror Reaganomics: Terror mavericks and guns for hire; Arab countries get involved in sponsoring armed groups. Terror becomes business | p. 47 |
| The New Economic Disorder | |
| The Birth of the Terror State-Shell: How armed groups shaped their own state using war economics instead of nationalism and political consensus | p. 63 |
| Towards a New World Disorder: The anti-Soviet Jihad, a pyrrhic victory for the US and its Muslim allies. From the ashes of the Soviet bloc a new enemy rises: Islamist terror | p. 79 |
| Islamist Economics: The legacy of the anti-Soviet Jihad: the spread of Islamist armed groups in Central Asia and in the Caucasus | p. 87 |
| Terror Jihad: The Islamist Crusades: Modern Jihad: Osama bin Laden and his Islamist followers wage a crusade against the economic hegemony of the West and its Muslim allies | p. 96 |
| Islamist Financial Colonisation: Islamic banking and finance penetrate Muslim countries in the Balkans, Caucasus and Central Asia, paving the way for Islamist armed insurgency | p. 105 |
| The Economic Forces of Islamist Colonisation: Emerging new social classes in Arab countries back financially the spreading of Islamist insurgency to end the economic hegemony of the West: bankers, traders and businessmen | p. 117 |
| The Mosque Network: Mosques as a powerful international recruiting ground of the Modern Jihad | p. 128 |
| The New Economy of Terror | |
| Weak States: Breeding Ground for Terror: Armed groups' strongholds across the world: Sudan, Afghanistan, Sierra Leone | p. 139 |
| From Modern Jihad to the New Economy of Terror: Under the umbrella of the Modern Jihad, Islamist and non-Islamist armed groups become business partners creating the New Economy of Terror. Terror becomes an international economic system | p. 147 |
| Terror's Legitimate Business: The many legitimate businesses run by armed organisations from the IRA to al-Qaeda | p. 158 |
| Terror's Balance of Payments: From charities to crime; how terror economies generate and redistribute wealth | p. 166 |
| State-Shell Economics: Armed groups' expenditure; a cost-benefit analysis of suicide bombers | p. 177 |
| The Globalisation of the New Economy of Terror: How big is the New Economy of Terror? A fast-growing illegal economy twice the size of the United Kingdom's GDP | p. 188 |
| Conclusions | p. 203 |
| Groups | p. 207 |
| Glossary | p. 223 |
| Notes | p. 235 |
| Bibliography | p. 262 |
| Index | p. 274 |
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