Unfortunately, this phrase reminded me the goods made In China. From a language point, does "race to the bottom" fit the many low price goods Made In China, exported or not exported?
Just saw a news from WSJ:
Geithner Wants Global Rules on Derivatives
Geithner is calling for new global standards on derivatives trades, warning that failure to coordinate internationally would lead to a "race to the bottom" as companies seek out jurisdictions with the weakest rules.
