Many fear that globalization has forced countries to make all kinds of concessions to corporations in order to attract investment. This is called
A) protectionism.
B) the race to the bottom.
C) economic structuralism.
D) portfolio investment.

Question

Quizplus · Accepted Answer

The term "race to the bottom" refers to the fear that in order to attract foreign investment, countries may lower their labor standards, environmental regulations, and other policies that protect workers and the environment. This can be seen as a negative consequence of globalization.

Many Fear That Globalization Has Forced Countries to Make All