What is it called when nations compete to attract transnational corporations by undercutting their citizens' wages or offering tax incentives?

Question

Quizplus · Accepted Answer

The term "race to the bottom" refers to a situation where nations compete against each other to attract transnational corporations by offering lower wages to their citizens or tax incentives. This can lead to a downward spiral of labor standards and protections as each nation tries to undercut the other to attract business.

What Is It Called When Nations Compete to Attract Transnational