For a country or an individual that is self sufficient and economically intelligent, borrowing does not occur for them even in crisis situation, not bad to get a support, but borrowing definitely do more harm than good most especially those credits that come with high growing interests. The best thing in this situation to avoid borrowing is to have an emergency founds a d multiple cash flows, so countries and individuals need to be more productive to avoid unwanted borrowing that eat up their savings and revenues in the long term.
I will agree with you that borrowing does more harm than good, and if it is a third world country then things are even worse there. Especially the people in the government of that country borrow money at high interest rates to develop the country but a huge part of that loan money goes into their own pockets through corruption. And this really makes a country more crippled.
However, it is also true that there are many countries in the world that cannot move forward or operate on their own without loans, so they have no other choice.
Borrowing money has never been good idea but in few cases no choice to peoples or countries needed to be had something which bring solution for their problems but here have to understand few things as Third World country needs good leadership.
Many projects which are helpful for peoples needs money which is never been easy to arrange, but countries are doing but this needed good leadership which use this on right place and also have all stats how to pay back with things could be useful for peoples.
As individual also never took which can increase your problems in few countries its never been easy to survive peoples always keep and then return but needs to be all within approach otherwise things can go out of way.