<P> The race to the bottom is a socio - economic phrase which is used 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 , the phenomenon may occur when competition increases between geographic areas over a particular sector of trade and production . </P>
<P> The race to the bottom is a socio - economic phrase which is used 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 , the phenomenon may occur when competition increases between geographic areas over a particular sector of trade and production . </P>
he term race to the bottom refers to
he term race to the bottom refers to
government deregulation of the business environment , or reduction in tax rates , in order to attract or retain economic activity in their jurisdictions
government deregulation of the business environment , or reduction in tax rates , in order to attract or retain economic activity in their jurisdictions