Many fear that globalization has forced countries to make all kinds of concessions to corporations in order to attract investment. What is this process called?
A)Protectionism
B)The race to the bottom
C)The race to the top
D)"Offshoring"

Question

Quizplus · Accepted Answer

The term "race to the bottom" refers to the process where countries competitively lower their standards, such as labor laws, environmental regulations, and taxes, to attract or retain businesses and investment, often at the expense of social and environmental welfare.

Many Fear That Globalization Has Forced Countries to Make All