What is the bottom race?

The bottom race is a socio -economic concept that occurs among nations. When the competition becomes hard among nations over a specific area of ​​trade and production, nations will receive increased motivation to dismantle currently existing regulatory standards. Such a race may also occur in a nation (for example, between states or districts), but this happens much less often, as the federal government has decided to enact the legislation of slowing or stopping race before its effects become too ubiquitous. It should be noted, however, that in many cases the bottom of the bottom has proven to be a power for good by eliminating unnecessary bureaucracy or graft. From ACWTO, which begins to eliminate what is considered to be barriers to trade (often including work and environmental laws), it begins to push towards a "looser" store that quickly escalates to the removal of standards to better compete with.

It can be seen that with global free trade pressure in 90. With an extremely large working fund that can be drawn from global and virtually unlimited capital, multinational companies can now freely move their operations from country to country after the most affordable work. This in turn affects the working laws, especially in developing countries, where things such a minimum wage or the required overtime remuneration create a major obstacle for the lowest costs. Therefore, the race dictates that more and more nations (again, especially in the developing world) intensify your working laws.