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who in the united states might be expected to support globalization on the basis of the stolper-samuelson model?

User Hallgeir
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Final answer:

In the United States, those who might support globalization on the basis of the Stolper-Samuelson model are typically capital owners, high technology sectors, and skilled labor. Despite the overall unfavorable American attitude towards globalization, these groups benefit from global trade due to their competitive advantages and access to international markets.

Step-by-step explanation:

Based on the Stolper-Samuelson model, individuals in the United States who might be expected to support globalization are typically those who own and control resources that are abundant in the US. These include high technology sectors, capital owners, and skilled labor, which benefit from trade liberalization due to their competitive advantage. Conversely, owners and workers in industries where the US is not competitive compared to international counterparts are more likely to oppose globalization, as increased competition can lead to job loss or reduced profits.

Surveys have shown that Americans display the least favorable attitude towards increasing globalization among many countries. This sentiment reflects the tangible impact of globalization on the American workforce, with a significant loss of well-paid working-class jobs contributing to rising levels of inequality. Additionally, increased competition and production shifts to countries with cheaper labor have led some politicians to call for keeping jobs within American borders.

Despite these concerns, investors and factory owners who benefit from access to cheaper labor, less stringent environmental regulation, and global markets might favor globalization, as they can adapt to market volatility through savings, insurance, and seeking government assistance.

User Mike Murray
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