The Virtuous Sovereign Trinity

Virtuous sovereignty was something that we came up with during the absolute farce that was British politics last summer. And if you look throughout history, any nation that has a stable currency, a sustainable bond market by which that country can continue to finance itself and competent politics, there you are your virtuous sovereign trinity. If they're all working well, then generally that economy will do very well. But it seems to me that the BRICS countries clearly don't have this.