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1. In global economic and financial relationships you need that currency to be convertible freely,
2. You also need to liberalize capital flows in and out of your economy.
3. You need something called the rule of law. They need to be able to go to court, they need to be able to defend their interests.
4. You need to have large and liquid markets for securities such as government bonds.
5. You want a government that is fiscally responsible. |
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