Question

Countries that rank low in the global stratification system often must engage in a so-called economic ______ to have a chance of eventually moving up the global hierarchy.

Answer 1

Economic race to the bottom

Step-by-step explanation:

The race to the bottom refers to a competitive state where a company, state or nation attempts to undercut the competition's prices by sacrificing quality standards or worker safety, defying regulations, or paying low wages.The corporations, increase their profits by pocketing the money saved on lower wages.