Description
Race to the Bottom provides a critical analysis of how international economic competition has created a downward spiral in labor rights, environmental standards, and social protections worldwide. The authors demonstrate how multinational corporations systematically move operations to jurisdictions with the lowest regulatory costs, forcing governments into a competitive race that undermines hard-won worker protections and environmental safeguards.
Through detailed case studies and empirical evidence, Shafi and Nagdee reveal the human and ecological costs of this race, from sweatshop labor conditions to environmental degradation in developing nations. The book challenges the mainstream narrative that globalization benefits all parties equally, instead showing how structural inequalities are reinforced through trade agreements and corporate lobbying. This compelling investigation calls for policy interventions and international cooperation to establish baseline protections that prevent the exploitation of workers and the environment in pursuit of corporate profits.
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