What is the "race to the bottom"?
A) When countries near the bottom of the global hierarchy lower their prices to outbid other similar competitors for work
B) This is a spiral that begins to happen when countries stay near the bottom of the hierarchy too long-they begin to lose their national infrastructure
C) This is when countries want to appear to be the most needy in order to receive the most attention from the Global North in order to receive more aid

Question

Quizplus · Accepted Answer

The "race to the bottom" refers to a situation in which countries, especially those at the bottom of the global economic hierarchy, lower their prices and standards to attract business and outbid competitors in order to get work. This can result in a downward cycle of decreasing wages, working conditions, and quality of life for workers.

What Is the "Race to the Bottom