Abstract
Economic globalization has promoted the increase of goods and services in the different parts of the world. These previous regions, which were unrelated from one another, are now linked thanks to the different companies that have entered. Today, companies from North America may be competing with companies from the Pacific in a certain market in a new country. The latter phenomenon has increased the world's competitiveness.
Technological advances can improve the production of a certain product, decrease its cost of production or even create new types of products. Consequently new markets have emerged. New information systems have helped increase companies' efficiency supply management. Transportation improvements have decreased the time needed and cost for transporting a certain good to another location. Political changes or events may change dramatically the economic situation of the country.
