Addressing the consequences of uncorrected externalities

We will illustrate our point with the examples of the euro zone and France. We seek to identify the effects of the fact that certain externalities (overall effects of the behaviour of economic agents that they do not spontaneously take into account) are not corrected. These include in particular: Externalities linked to job cuts (there is no bonus / penalt y system in Europe); this leads to an abnormally low employment rate; Externalities linked to offshoring (the company that offshores does not take into account the costs linked to this offshoring, manufacturing job losses, deterioration in foreign trade, loss of independence, etc.) . This leads to excessive offshoring, which can be corrected for example by a price adjustment at borders on imports from low-wage countries; Externalities linked to CO 2 emissions (due to an excessively low price of CO 2 ), the result being that emissions remain too high.