_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.
A)'Free rider problem'
B)'Tragedy of the commons'
C)'Race to the bottom'
D)'Flag of convenience'
E)'Enlightened self-interest'

Question

Quizplus · Accepted Answer

The term "race to the bottom" is often used to describe the phenomenon where countries lower their environmental and labor standards in order to attract foreign investment and remain competitive in the global marketplace. This can lead to a downward spiral of standards as countries try to outdo each other in offering the lowest regulations and standards possible.

_____ Is the Argument That with Globalization, Countries Compete for International