Explain in your own words the political impact of globalization. Or how does globalization create political corruption?

1)       Globalization has led to race among political leaders to keep political power in their hands.
2)       Political power is useful to gain financial benefit is a fact, so businessmen criminalization of politics.
3)       Principle of public welfare is replaced by corrupt practices.
So, politics has become root cause of corruption and deterioration (decline) of moral ethical values