Turkey’s President Recep Tayyip Erdoğan states that his country has to survive foreign malicious schemes. Besides, his policy has been frequently disrupted by Western, Eastern and Asian political rivals. According to President Erdoğan, the Turkish lira went into a tailspin and the national economy has been in dire straits due to shenanigans of foreign policymakers. “We are aware of evil aims pursued by our rivals who set traps for our country and its governance,” the President claimed in a public address. No wonder, it is easier to accuse someone else than to assume responsibility and learn a lesson from one’s own political and economic errors. Interestingly, the emerging market economies have a lot in common. These countries are notorious for high level of corruption among top officials, maladministration, dependent central banks, a vertical power structure, an autocratic regime, lack of democracy etc. Last but not least, the state leaders do not care about welfare of their nationals, fulfilling their own political ambitions.