10 Worst Places In The World To Start A Startup
4. Philippines
FDI 2010 - $1.7 billion
GDP 2010 - $199.6 billion
It is the lowest ranking countries in the Asian sub continent. Though the country has abundant natural resources, key geographical location and intelligent working class the economy has still fallen behind. It takes more than five and a half year to get a business idea approved by the government. The country is known for its corrupt officials and bad political strategies.
