I am still puzzled would global economists argue for the benefits of synchronized global recovery…
An uneven economic recovery vs. the very synced economic has many benefits:
1. it allows investors to rotate money globally
2. it doesn’t overburden global sectors with high peaks of productions and steep drops when the whole world goes into a deep “synchronized” recession. Think commodities. Nobody needs crude oil oscillating between $20 and $200 but a healthy and relatively stable $80 or so, would be welcomed by consumers, corporations and politicians….