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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Competitors race down the hill after the cheese, and the first one to the bottom wins the cheese.

参赛者要紧随芝士跑下山，第一个到山底的人便可以赢得奶酪。

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Instead of the race to the bottom, we want a race to the top.

WHITEHOUSE: Helping Small Businesses Grow and Create New Jobs

The race to the bottom is on a luge called Lifetime Job Security, not Free Trade.

FORBES: Digital Rules

So far, Beijing has escaped blame for starting the race to the bottom.

FORBES: Asian Currencies Tumble. Yes, This Is A Global Currency War.