Iguatemi, Brazil

With a population of just 149,700, Iguatemi is a small Brazilian firm, not a bustling city. Despite owning 16 shopping malls and over 3,000 stores across the country, the reality on the ground is one of persistent bureaucratic headaches. Iguatemi's rapid expansion since the 1990s has centered on shopping centers, not improving infrastructure or public services. Locals likely face a frustrating tangle of red tape when dealing with the municipality. While Iguatemi may offer upscale shopping and dining options, those seeking an authentic Brazilian experience would be better served looking elsewhere.