They fear that they will engage in a race to the bottom with rivals unencumbered by the fine feelings of shareholders and domestic customers, and so are bound to lose.

他们担心自己将参加一场紧追不舍的比赛，而竞争对手却不受股东和国内消费者的细微感觉的羁绊，因此他们注定会失败。

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That they could afford that race to the bottom may have something to do with the strange way India's mobile spectrum was auctioned off in 2008.

他们能够进行价格竞争的原因可能与印度移动通讯频谱在2008年以一种奇怪的方式被拍卖有关。

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If every state were equally generous with its incentives, it might inspire a race to the bottom.

如果每个州都能给出同样慷慨的优惠，那么这些州将会出现不顾底线的竞争。

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Americans are learning hard lessons about the value of their work in a race-to-the-bottom global economy.

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If this is done in a common-sense way that increases our international competitiveness while encouraging job creation on our shores and discouraging abusive tax-shelters and race-to-the-bottom behavior, this could be a win for everyone.

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"We would end up competing on low-wages and low-skills: an off-shore low-value economy, a race to the bottom, " he said.

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