Pedro II, Brazil

Forget the grandeur of Pedro II's imperial reign - today's reality is far more modest. With a population of just 37,894, this small city offers little to attract the average expat. Bureaucracy is a persistent headache, as the government Pedro II once controlled continues to entangle residents in red tape. And while the country's international reputation has faded, an undercurrent of political instability remains. For those seeking a peaceful, uneventful retirement, Pedro II might fit the bill - but anyone looking for excitement or opportunity would do better elsewhere.