PRIVATIZACIJA IN POLITIČNA EKONOMIJA KORUPCIJE V POSTSOCIALISTIČNI SRBIJI
PRIVATISATION AND THE POLITICAL ECONOMY OF CORRUPTION IN POST-SOCIALIST SERBIA

Summary/Abstract: The article examines the history, political conditions and effects of privatisation in transitional Serbia. The key actors, role of formal institutions and consequences of corruptive practices are highlighted. The official discourse of transparency, economic efficiency, ‘spirit of entrepreneurial society’ and ‘depoliticisation of the economy’ has led to a highly centralised and politically controlled model of privatisation. By drawing on theoretical contributions on the role of rent-seeking in the world economy and peripheral capitalism, the article reflects on the systemic logic of the extended corruption in Serbian privatisation, showing that the moral narrative on the incongruousness of corruption is problematic since, on one hand, it neglects the important role played by criminal capital while, on the other, it provincialisest he rent-seeking paradigm in contemporary capitalism.

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