Why do some analysts believe that there is no "race to the bottom"?

a. because foreign investment is still highest in the world's most heavily regulated countries
b. because there are still many corporations operating in poor or undeveloped nations
c. because in today's global economy virtually every country has an equal chance to succeed
d. because nations like Russia have dramatically increased production and raised millions out of poverty

a. because foreign investment is still highest in the world's most heavily regulated countries