No more mr. NIS guy: Investigating corrosive capital in the Serbian energy industry

This paper examines the question: what does corrosive capital mean, and enables it in Serbia? Through design of an analytical framework robust literature review, this adds value to understudied topic International Political Economy by giving rigidity a term that is generally used as ostensive buzzword. deter-mines projects are extent they benefit elites at public's expense. Corrosive elements can exist both project?s preliminary phases post-completion. hypothesizes introduced via domestic foreign elites. applies its analysis Serbia?s infamous 2008 omnibus energy agreement with Russia (the Naftna Industrija Srbije (NIS) deal). finds NIS deal contained plethora (political, legal, ethical, economic, ecological) still consequential, even today. These appear different points deal?s life-cycle. Each element generates additional elements. The positively reinforcing nature suggests upstream action possibly avert devastating consequences, but only when critical, elite actors be identified controlled. peels back layer existing knowledge surrounding state capture. It demonstrates synergistic cooperation between infects generate reverberating consequences. Like cancer, corrosiveness spreads horizontally (across social, political, economic spaces) vertically (overtime). Prevention preferable mitigation.