Decades later people would find out the biggest consequence of globalization is 'race to the bottom' phenomenon. It is quite logic that in a globalized world without a enforceable rule of law, everything tends to gravitate to the lowest possible producing cost for products and services. The developing countries are producing things from steel to iPhone at the lowest cost only made possible by pushing the hidden costs to other parties to the extreme. One prominent example is the environmental pollution in many of these developing countries. Gradually developed countries may have to adjust to similar standards to stay in the game. Think about wages. There is no doubt that the stagnation of real income in the USA for the last 3 decades is largely due to the era of globalization. Another race to the bottom is the ethics standard decline on a global scale. Stealing intellectual property may very well be a countries' unannounced economic policy, for instance. Globalization also means unprecedented policy 'pollination' among governments. Each government's policies cannot be made in a vacuum. Instead many of the polices are results of reacting to other countries' policies. For if not reacting promptly that particular country may lose its advantage or get peer pressure. Governments around the world are manipulating prices to achieve their policy goals, which creates an unjust business environment. Businesses and people are becoming poor or rich for no reason over night just because they are inadvertently influenced by those change policies. For example, currency exchange rates change effected by the central banks may very well put some businesses in straight while make other real estate owners 10,000 miles away suddenly much richer. One's fortune is largely dependent on gambling on the government's policies, and not just one government he is in but also other major governments. A ready example was the solar renewable energy industry. Countless companies went from rags to riches and then bust, all because of the heavy handed governments' interventions all the time.