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26. Juli 2023 · Race to the bottom is a competitive situation where a company, state, or nation sacrifices quality, safety, or labor standards to gain an advantage. Learn how this term originated, how it affects the economy and the environment, and see some examples of race to the bottom in action.
Race to the bottom is a disapproving term for a situation in which companies compete to reduce costs by paying low wages or giving workers poor conditions. Learn more about this concept, its origin, and its usage in different contexts from Cambridge Dictionary.
Race to the bottom is a socio-economic phrase to describe either government deregulation of the business environment or reduction in corporate tax rates, in order to attract or retain economic activity in their jurisdictions.
Der Anglizismus Race to the bottom (deutsch „Wettlauf nach unten“; oder Unterbietungswettlauf) bezeichnet in der Wirtschaft und speziell in der Steuerlehre Theorien, nach denen die Staaten tendenziell einen stetigen Abbau von Sozial-, Arbeits-und Umweltstandards im globalisierten Wettbewerb vornehmen oder im internationalen ...
31. Jan. 2024 · Race to the bottom is a phrase used in economics to describe the intense competition among entities that resort to unethical or hazardous practices to maintain the best position. Learn how it affects workers, investors, and countries, and how globalization contributes to it.
Lernen Sie die Übersetzung für 'race to the bottom' in LEOs Englisch ⇔ Deutsch Wörterbuch. Mit Flexionstabellen der verschiedenen Fälle und Zeiten Aussprache und relevante Diskussionen Kostenloser Vokabeltrainer .
noun [ S ] disapproving uk us. a situation in which companies compete with each other to reduce costs by paying the lowest wages or giving workers the worst conditions: They wanted to stop a " race to the bottom " of auto companies outsourcing work to non-union workers and moving operations overseas. Preparing for your Cambridge English exam?
