A race to the bottom describes intense competition between countries, states, or businesses in which logical economy judgments or product quality are foregone in order to obtain a competitive edge or lower the cost of creating products. Companies to spend money or to make savings by lowering the amount of tax they must pay.
Globalization and the entrance of developing nations into the international market are the main topics of discussion about the "race to the bottom" idea. The theory is that as lower cost nations become more connected into the global economy, international trade and investment will gravitate toward them more readily.
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