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The phrase race to the top was coined in response to "race to the bottom", a phrase current in anti-globalization circles.
It is a process by which competition leads to the progressive improvement of goods and services provided to consumers. One example of the "race to the top" is the success of the computer industry in creating ever-faster and more powerful computers. The phrase may be used also in a more general sense of evolutionary trends gravitating towards the greatest common divisor.
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Further reading
- Kocaoglu, Kagan (2008). "A Comparative Bibliography: Regulatory Competition on Corporate Law". (Georgetown University Law Center Working Paper).
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