The resilience of many emerging markets, notably China and India, in the aftermath of the Lehman shock further strengthened this sense of manifest destiny.
'It is important to destroy, to undermine, to debunk the narrative of ISIS,' Olivier Roy -- one of the world's leading experts on radical Islam -- tells Rediff.com's Vaihayasi Pande Daniel in an exclusive interview.
While Iraq and Afghanistan top the Global Terrorism Index 2014 as the most terror-affected nations, India has been ranked number six.
Any attempt to defang Islamic State must first cut off its main sources of funding, especially its revenue from oil sales, extortion and crime, ransom payments, and support from foreign donors. This will also be need to be backed up by efficient forces on the ground.
