That's only true for countries with small economies. If the US, China, Japan or the Eurozone collapsed, that would plunge the whole world into a depression.
I mean economic crashes rarely cause a country to "die", but it will have a major setback in its economy and the individual people will suffer, if they aren't already. I mean I know lots of people are suffering in the west as well, despite there being plenty of jobs available and the economy being very good.
Economies do not usually collapse to that extent. You are implying that somehow Egypt will turn into Somalia-style failed state (evrn Venezuela is able to guard its borders), which will almost certainly not happen.
Economy collapses are more like a reality check when a country has to cease the unhealthy practices it was engaged in, and eat a humble pie. They are not like statehood collapse.
If your economy collapses, partially because of global recession and partially due to corruption enabled by cheap foreign money looking for a quick buck, your GDP ratios all look worse all of a sudden.
GDPs are mostly artificially pumped in all the world except maybe switzerland and few others. For example China is financially collapsing now bcs its infrastructure ponzi scheme to weather 08' slowdowns is over. A lot of other countries are playing financial alchemy and poisoning themselves
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