race to the bottom
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English
Noun
race to the bottom (plural races to the bottom)
- (economics) A situation in which competition between governments leads to very excessive (harmful) deregulation.
- A situation in which competition between entities leads to elimination of perks or amenities, often in the interest of cutting costs.
- Any situation in which multiple parties are seemingly competing to achieve the greatest level of mediocrity.
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Further reading
- “race to the bottom”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.
- “race to the bottom” in Longman Dictionary of Contemporary English, Longman.
- “race to the bottom” (US) / “race to the bottom” (UK) in Macmillan English Dictionary.