Investment in hard assets like factories has been in countries with low levels of property rights. Better to let those countries provide the cash for building

Investment in hard assets like factories has been in countries with low levels of property rights. Better to let those countries provide the cash for building via state loans rather than the company investing it's own money. Then if the factory is confiscated or the company is kicked out of the country for whatever reason the loans are defaulted on and the company's money is intact.