Race to the Bottom

Social clause refers to standards which contractors observe in order to cater for public contracts. They usually must be respected to avoid downward pressure on income and working standards. This is usually viewed to bring division between the rich (also referred to as the global north) and the poor (referred to as the global south). The difference between the north and the south has led to a competition that seems to be bringing the north down to the same level with the global south also called the 'race to the bottom'. I believe that the 'race to the bottom' is happening and modern trends such as globalization and liberalization continue to catalyze the process. This paper will look at the 'race to the bottom' theory and how it is gradually unfolding in present times.

Actually, in the real world the competition does exist. This can be...
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