European business leaders have traditionally taken home far less compensation than their American counterparts. But European executive compensation has been rising, and these pay increases have citizens in European nations deeply concerned. In fact, public outrage on both sides of the Atlantic has contributed to an unprecedented political debate over what to do about excessive executive pay.
The current brouhaha over a U.S. plan to deploy anti-ballistic missiles (ABM) in Poland has nothing to do with a fear that Iran will attack Europe or the U.S. with nuclear tipped Intercontinental Ballistic Missiles (ICBM). It has a great deal to do with the Bush Administration’s efforts to neutralize Russia’s and China’s nuclear deterrents and edge both countries out of Central Asia.
The plan calls for deploying 10 ABMs in Poland and a radar system in the Czech Republic, supposedly to interdict missiles from "rogue states"—read North Korean and Iran.
On June 4, 1989, the world watched in horror as the Chinese government’s crackdown on student protestors took a deadly turn. As Chinese soldiers fired their weapons indiscriminately and Chinese tanks rolled through Tiananmen Square, an unknown number of students and soldiers were killed. The Chinese military continued its campaign of terror throughout the summer of 1989, drawing strong international condemnation.
The free flow of capital and information is the visible and oft-celebrated face of globalization. Hidden behind the flash of supply chains and e-commerce are countless people that migrate annually from the Global South to North America and Europe in search of work. These economic migrants form an immensely important but largely hidden side of globalization.