Topical Terminology > Race To The Bottom
Race To The Bottom
For Race To The Bottom we have terms and definitions in 2 topics. The topics are Health Care and International Economics.
Race To The Bottom (Health Care) 
Process in which health plans in a highly competitive market reduce the scope of their benefit packages in order to offer lower premiums. Competitors must follow suit or risk attracting sicker enrollees. Also see adverse selection.
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Race To The Bottom (International Economics)
The idea that, if one country provides a competitive advantage to its firms by lax regulation (of the environment, for example), then competing firms in other countries will demand even weaker regulation by their governments, and regulation will be reduced to minimal levels everywhere.
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