With the appearance of new technologies and liberalization of foreign investment, productive activities can be segmented and spread around the world in different locations, and thus more countries have potential opportunities to participate in international production and trade. But these opportunities are not easily tapped by all countries. Countries with a broad range of technological capabilities are better positioned to host specialized activities in the various segments of goods and services production. Created technological assets, in conjunction with appropriate policy and regulatory environments, more than traditional factor endowments, determine comparative advantage in today's knowledge-based world economy.