a situation where companies or countries lower standards to remain competitive
ситуация, когда компании или страны снижают стандарты, чтобы оставаться конкурентоспособными
"Reducing wages to attract investors can create a race to the bottom."
"Снижение зарплат для привлечения инвесторов может создать гонку на дно"
to become very excited or angry
to fail completely; to go bankrupt
generally speaking; on the whole
To build a strong foundation for future success.
to fail to understand the main idea
used humorously to let an older person go first
