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Preferred term

race-to-the-bottom hypothesis  

Definition

  • The race-to-the-bottom is a critique offered by those opposed to what they view as “corporate led” economic globalization. The central argument is that as capital is able to move more freely across national borders, states will be forced to compete for needed capital investment by lowering legal standards that infringe upon profitability such as environmental regulations and worker safety protections. [Source: Encyclopedia of Environment and Society; Race-to-the-Bottom Hypothesis]

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https://concepts.sagepub.com/social-science/concept/race-to-the-bottom_hypothesis

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