Race to the Bottom
9/5/19 Race to the Bottom
A Race to the Bottom occurs when parties compete for a desired result by making increasingly larger concessions. Although some parties may temporarily out-compete others, the concessions lead to adverse consequences that may go unnoticed until it is too late to change course. Some observers claim that a race to the bottom results when governments compete for business by lowering labor standards or corporate taxes.
The EPA [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][U.S. Environmental Protection Agency] insists it needs oversight authority to prevent a ‘race to the bottom,’ where jurisdictions compete with each other to lower environmental standards to attract new industries and keep existing businesses within their borders.
