"As the U.S. and Europe grapple with slowing growth, more businesses are turning attention to emerging markets for expansion and profits. Foreign direct investment (FDI) into countries such as Brazil, Russia, and Indonesia are at record highs, with Brazil attracting $48.4 billion dollars in 2010, an increase of 87 percent over 2009.
While it's difficult to resist the growth opportunities provided by emerging markets, running a successful business in many of these countries is far from easy "according to CNBC.com
Philippines is once again one of the top contenders. Philippines is ranked fourth as Venezuela topped the list.
"The country also ranks among the lowest when it comes to starting a business, and resolving insolvency, with the latter taking more than 5 and half years, compared with an average 1 year and 7 months in OECD countries," CNBC.com said.
Please click here for the slide show of what CNBC.com said as
2. Ukraine
3. Algeria
4. Philippines
5. Nigeria
6. India
7. Indonesia
8. Brazil
9. Russia
10. Argentina
