WebDictionary entries. Entries where "race to the bottom" occurs: race to the top: race to the top (English) Noun race to the top A situation in which competition between entities to be the … Webrace to the bottom definition: a situation in which companies compete with each other to reduce costs by paying the lowest wages…. Learn more.
Race to the Bottom - Explained - The Business Professor, LLC
Webthere is a “race to the bottom” in the usual meaning of the term. Economists believe that there are (at least) three reasons why we may observe strategic interaction in the setting … WebDefine race to the bottom. means that the less economically dominant party must flexibly accommodate the demands of the more powerful party: brands are subordinate to … bruno afonso facebook
race to the bottom meaning of race to the bottom in Longman ...
WebThe entire article is predicated on an article called "racing to the bottom". This is a mistake, because that article may be an *example* of race to the bottom, but it is not the … WebDefinition: A situation where parties compete with each other to achieve a desired outcome by making bigger and bigger concessions. This can lead to negative consequences that … The race to the bottom refers to a competitive situation where a company, state, or nation attempts to undercut the competition's prices by sacrificing quality standards or worker safety (often defying regulation), or reducing labor costs. A race to the bottom can also between governments to attract industry or tax … See more Supreme Court Justice Louis Brandeis is generally credited with coining the term "race to the bottom". In a 1933 judgment for the case Liggett v. Lee, he stated that the competition … See more The phrase race to the bottom is often applied in the context of labor and staffing. Many companies go to great lengths to keep … See more While globalization has created a fertile market for the exchange of ideas and trade between countries, it has also resulted in fierce competition between them to attract trade and investment. Large multinational … See more In order to attract more business investment dollars, states and national jurisdictions often engage in a race to the bottom by changing … See more bruno 10 hours