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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.
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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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