race to the bottom английский

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Значение race to the bottom значение

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race 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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Race to the bottom английский » русский

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race to the bottom английский » русский

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