The Philippines may not be a very competitive place, but boy is it friendly. In the Heritage Foundation's 2012 Index of Economic Freedom, the Philippines improved its standing slightly, ranking 107 out of 179 countries. That rank puts the Philippines solidly in the category of "mostly unfree," five places behind Cambodia and eight rungs ahead of Indonesia. Vietnam, the current darling of investment analysts, sits at 136.
There is cause for cheers, however. The Philippines is the eighth friendliest country in the world for expatriates, according to a quality of expatriate lifestyle survey conducted last year by HSBC. The survey covered just 31 countries, and another mostly democratic Asian country-Thailand-came out on top. - Manila Bulletin
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