Letters to the Editor
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Hold on, critique?
"But underlying that dynamic lurks an implicit critique of globalization. The more a country buys into the global economy, the more it loosens up controls over capital flows and boosts trading activity, the more likely it is to take a hit when the U.S. stumbles."
It also means that when the US market booms, those interrelated economies also boom ("find that stronger trade linkages lead to increased synchronization of business cycles across countries"). That doesn't seem like a critique, just an obvious consequence of integrating more markets. The busts hurt, the booms help, so unless busts hurt more than the booms help, I fail to see how this is a critique...