Dynasties and Kingdoms have collapsed, but can countries collapse in this modern environment? By 'collapsed', I mean the country stopped to function as a country, or arent recognized as a country, or some terribly drastic thing results in similar results as in a dynasty/kingdom collapsing.
Resolves to market % at close.
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State recoognition is irrevocable. For a modern state to cease to exist, either its territory needs to be absorbed by another state (and neighbors of failing states like Haiti and Somalia are not keen on grabbing their territory), or they need to declare themselves extinct (which they can't do because they don't have the capacity to act as a state).
@evergreenemily I think USSR and Yugoslavia would have, but I'm not knowledgeable enough on Somalia to say for sure. I'd trust your judgement!