> I love the people, the food and the culture. I love what I hear from young graduates, I like seeing people smile more and new businesses pop up everywhere.
I am sure I would love the people and the food. However the culture and the business environment is rotten.
> ...but the risks are manageable, especially when you "zoom out" and face the entire spectrum of possibilities of why your business may fail.
When my business fails there I want it to be because I screwed up in my execution, marketing, finance, but not because I didn't bribe the right official enough. If that is the risk, then screw it, I don't want to deal with it there. I am not that kind of a person.
And culture. Well, folklore and such, is great. If by culture you mean a culture of alcoholism, bribery and corruption -- then I don't want anything to do with it.
> Be my guest and stay out, it only makes me easier to compete because I'm in.
Agreed. Will do.