Corporate Corruption Growth in Rich County's

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Jeff Sachs reports that corporate corruption , coupled with the lack of corporate accountability, is a growing problem in rich countries. He argues that the rich countries should not point to corruption in poor countries as the reason for their poor economic and social progress. He views it as a global problem that raises more serious in the rich countries.

The growth of large multinational corporations has increased their power relative to the nation states in which they are headquartered and the dependence of politicians on their campaign contributions makes the problem even more difficult to contain. The nation states have limited ability to implement reforms and they are unable to raise taxes, particularly on the wealthy.
Sachs argues for limiting the cost of election campaigns by the use of electronic communication, instead of expensive TV ads as one way to address the corruption and accountability problems that he cites.