The relentless search by transnational companies for lower production costs in politically stable countries has led to what is known as a race to the bottom.

Question

Quizplus · Accepted Answer

The statement accurately describes the concept of a race to the bottom, which occurs when companies seek out countries with the lowest labor, environmental, and regulatory standards in order to minimize costs and maximize profits.

The Relentless Search by Transnational Companies for Lower Production Costs