How can the detrimental effects of globalisation for OECD countries be corrected? The risk that the adjustment will take place at the expense of emerging countries

OECD countries clearly understand the two main detrimental effects of the economic model (which we can call "globalisation") implemented since the 1970s and even more since the 1990s: The increase in income inequality, as industrial activities have been transferred from OECD countries to emerging countries; The very rapid growth in CO 2 emissions, given the massive use of fossil energies to boost growth. To correct these detrimental effects, OECD countries now have the choice between: Economic policies that are difficult to implement in OECD countries: marked increase in redistributive policies, massive energy savings; Letting emerging countries bear the burden of the adjustment, via protectionism (in order to reindustrialise the OECD), by taxing CO 2 at the borders of the OECD . It is growth in emerging countries that is the main cause of the rise in CO 2 emissions; curbing growth in emerging countries will make it possible to solve two problems: offshoring of industry and the climate. Recent developments (protectionism in the United States, demand for protection against imports from countries that are large CO 2 emitters in Europe) point to the second solution (end of income catch-up for emerging countries).