Nowadays Turkey, Russia and Brazil are being closely monitored, their economies hampered by constant attempts to sideline their growth. According to the opinion polls, Dilma Rousseff, the incumbent president of Brazil and candidate of the Democratic Labor Party, is the frontrunner of the presidential election race that will be held tomorrow. Just like Turkey's President Recep Tayyip Erdoğan, Rousseff also criticized the U.N.'s structure and the West's economic policies during her address to the U.N. General Assembly last week. "With each and every military intervention, we are getting away from a peaceful environment and further deepening conflicts. We are witnessing an increase in civilian casualties and human tragedy. We cannot allow these barbaric attitudes to harm our moral, ethical and civilian values," she said. She continued her speech suggesting that the U.N. Security Council should urgently be expanded, the number of countries being represented should be increased and the decision-making mechanism of the council should be improved. She also harshly criticized Israel's offensive against Gaza. So, it is not surprising that the economy of a country, whose leader touches on these delicate issues, is being attacked. Now, the global financial oligarchy is trying its best to disallow Rousseff's re-election. Now, Rousseff is facing the same oppression that was imposed on President Erdoğan before Turkey's presidential election. According to a recent study conducted by the U.S.-based research company Gallup, the Western world is trying to answer the Putin question, although he received the support of 83 percent of Russian people. The current and potential sanctions to be imposed on Russia are causing high quantities of capital outflow at the moment. But this is not something new; it began with the Ukraine crisis and has become an increasingly continuing trend since then. In April 2014, Fitch Ratings agency said that the high proportion of capital outflow from Russia in the first quarter of the year poses risks for the Russian economy and its credit profile. Since early 2013, international credit rating agencies are also threatening Brazil. In March 2014, Standard & Poor's downgraded Brazil's long-term bond rating to one level above the "junk" level, showing rising debt and weakening economic growth as reasons. Even before this downgrading and the World Cup, Brazil underwent inner turmoil, corresponding with the same period the Gezi Park incidents broke out in Turkey. It is very clear that what the IMF was doing in the past is now being attempted again by ratings agencies. However, everyone should keep in mind that big economies such as Turkey and Brazil will pursue their own ways as the Cold War period of the 1970s is now over. Fitch Ratings as well as other similar organizations are always repeating the same clichés regarding Turkey and other developing countries, bringing forward reasons such as weakening growth, rising inflation and the debt burden of the private sector. Russia is different to an extent. It is dealing with problems such as chronic inflation, the debt burden of the private sector and inadequate savings, which have only emerged because these countries have followed the "economic wisdom" exercised by such institutions as Fitch Ratings.Now, Turkey, with the government of Prime Minister Ahmet Davutoğlu, and Brazil, first with Lula da Silva and then with Rousseff, are moving away from neocolonial political wisdom, which began in 1947 and was renewed with the Washington Consensus in 1989. Developing countries encounter intimidations such as: "Your credit note will be downgraded, your currency will be devalued depending on your capital outflow and you will go bankrupt." First of all, I need to say that Turkey will free itself from the economic circle that has been imposed on it since 1947. More importantly, Turkey is no longer a country that will go bankrupt because of the capital outflow resulting from rating agencies downgrading its credit rating. Today, the major problems of manufacture- and exporter-oriented small- and medium-sized enterprises (SMEs) in the Organized Industrial Zones, which constitute the backbone of the Turkish economy today, are initial investment costs and high financial costs; in other words, ground rent and interest burden. Rating agencies advise our central banks to hike up interest rates and to care about credit volume due to high foreign debt and inflation. They suggest banks should retrench loans and stop investments. What will be the outcome of this? This will only head to more land rents, more imports, more interest and more consumption, all of which pave the way to an economy already languishing from all such aspects. I advise those who publish reports that Turkey's private sector's foreign debt is at unmanageable levels to write their reports after touring Istanbul and Gaziantep, two major Organized industrial Zones of Turkey. Most of these businesses are among the top 1,000 industrial enterprises of Turkey. The debt of foreign-capitalized ones is another topic of discussion, but the debt burden of domestic corporations stems from contingent liabilities. Moreover, the debt burden of industrialists also arises from the banking system, which has granted bulky loans to SMEs since 2002. Ever since the 2001 economic crisis, Turkey's banking system has been behaving very cautiously and non-performing loans of the banking system are at reasonable levels. At the moment, the Turkish economy is one of the few investible countries both in the region and the world. After the dust settles in the Middle East, this reality will become even clearer. May Eid al-Adha bring peace and tranquility to the whole world.