"[A] survey of more than 45,000 people in 47 countries this past spring found large majorities everywhere saying trade was a good thing, particularly in countries lifted lately by trade-based growth, like Jordan and Argentina." (Click the image to the right for summary findings; Find the full survey here).
"But recent years have seen erosion in support for trade in advanced Western countries including Germany, Britain, France and Italy — and most sharply in the United States."
This is broadly consistent with the Stolper-Samuelson theorem's core prediction: abundant factors (developing country workers) gain from and support trade; scarce factors (western labor) lose from and oppose trade. Can it be as simple as that?
A puzzle: how can Americans be more favorable to free markets than to free trade (see the chart)?
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