Could A Country Survive Without Borrowing A Debt? The Answer Is Certainly No! Even the richest country in the world relies for a debt over another country. This might sound a little awkward but it truly does!Every second, it seems, someone somewhere in the world takes on more debt, it could be a country or even an individual citizen. A government debt can be simply defined as the value of buns and other debt securities which is intentionally issued by the national government ...