While Mr. Putin may rightly bask in the light of his many accomplishments in foreign policy, and having presided over the energy boom that thrived during much of his first term in office, he is now faced with some serious issues that cast a pall over Sochi.
As hundreds of millions of people, many very poor, across most of the world obtain Internet connections, see web-based news that governments find hard to censor, even in China, so the pressures on authorities to attack graft mounts.
It's a very ambitious plan that will require a gargantuan effort on journalists' part given the stakes involved, as members of parliament and ministers are not obliged to divest themselves of business interests.
Uhuru Kenyatta's disputed election to the presidency of Kenya earlier this month raises a host of questions regarding its legality, Kenyatta's indictment at the International Criminal Court (ICC), and whether Kenya will become isolated as a result.
If Bulgaria seeks to attract more foreign investment and become a more mainstream EU member, Sofia must address the corruption issue head on. Moreover, the Bulgarian people must continue to demand greater accountability from their leaders.
Italians face the spectacle of continued political gridlock with the old elites, many tainted by corruption scandals, still holding the balance of power. What this shows more than anything else is a profound crisis in the relationship between the governed and their rulers.
Malaysia may not be in big trouble yet. While it still has a robust free press and whistleblowers are protected, the current issues have a chance to be addressed fairly. But the media is under pressure to conform and whistleblowers have been arrested instead of the corrupt officials.
More than ever before, strong and creative advocates and allies need to translate the power of information into a greater power for good. Miracles can come from the information revolution and its capacity to bring sunlight to topics that were long obscure.
Allegations that Walmart paid millions of dollars in bribes to build up its empire in Mexico should act as a warning sign to corporations everywhere. A culture of bribery in a subsidiary is unacceptable, but failing to deal with it would be even worse.
If there was a case study on how not to run an election, this would be it. The young people of Senegal deserve better and, if we go back to basics, it may be that we can learn from these unfortunate events.
When citizens are silenced, fraud and corruption from the financial sector to building safety, go unchecked with disastrous consequences for economy and society. This year the world has been rocked by a Tunisian fruit seller who refused to let his voice go unheard.
The unregulated conventional arms market is costing lives every day. In many cases, as a result of bribery and corruption, weapons destined for governments end up in the hands of criminals or dictators.