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The region's tax cuts turned into a race to the bottom, undermining public services.
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The region's tax cuts turned into a race to the bottom, undermining public services.
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Related words
race to the bottom
Noun
Japanese Meaning
各国・政府間の競争が、極度の規制緩和を招く状況。 / 競争の結果、最低限の基準や規範が維持できなくなり、社会全体の基準が下がる現象。
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