Globalization Quiz

1. What is meant by the phrase "race to the bottom" in the context of globalization?

  1. the movement to establish corporations in Antarctica

  2. the practice of moving production of goods to countries with the lowest wages, environmental standards, and regulations around working conditions

  3. the movement of goods from Nunavut to the tip of Argentina

  4. the search for edible foods at the bottom of the food chain
Not yet!

Correct Answer: B
Yes, the phrase "race to the bottom" refers to the movement of corporations to countries where goods can be produced the cheapest. This means that the country with the lowest standards wins. This trend has been greatly exacerbated by free trade agreements.

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