Apr 29, 2019 · The race to the bottom refers to a competitive state where a company, state or nation attempts to undercut the competition's prices by sacrificing quality standards or worker safety, defying.
The race to the bottom is a socio-economic phrase to describe government deregulation of the business environment, or reduction in tax rates, in order to attract or retain economic activity in their jurisdictions. An outcome of globalization and free trade, it may occur when competition increases between geographic areas over a particular sector of trade and production.
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