Today’s “Phrase of the Day” is “a race to the bottom“ and its meaning is “a competitive state where a company attempts to undercut the competition’s prices by sacrificing quality standards or worker safety, defying regulations, or paying low wages”.
Example Sentence: The outcome of the ‘Grand Challenge 1’, a tender for electric buses, is an innovative model for India and the world… Until recently, there had never been a unified tender to address some of these challenges. Cooperative federalism can easily become a fraught issue. However, in the case of the Grand Challenge 1, a tender for 5,450 buses (across five major Indian cities — Kolkata, Delhi, Bengaluru, Hyderabad and Surat), the opposite happened. Instead of a race to the bottom, the respective expertise, strengths and needs of Union Ministries and States informed the process and the successful outcomes.
This phrase is present in The Hindu article Climate action that runs on cooperative federalism and click here to read it.
Courtesy: The Hindu
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