4. Philippines:

This Asian country hardly attracts other countries to make any money investment. The FDI rate in this country is just 1.7 percent out of which 10 nations are from the ASEAN. The GDP of the country is $199.6 billion which is also not that great to brag about. The country has enormous mineral wealth which still unexploited which is a greatest drawback. The country does not encourage speaking of English which is another reason for not having great communication with their neighboring countries and fall in economic growth. The imbalanced legal system, sadism and government polices hardly encourage foreign business to enter the nation. The country is bad for starting a business and resolving bankruptcy which takes around 6 years whereas it is one year and seven months in OECD countries. The Philippine president Benigno Aquino visited U.S., China and Japan to generate more foreign investment and to let them know the changes happening in the country after failed and corrupt administrations in the by the previous leaders. The china tour cashed in about $9 billion investment.