ABSTRACT
This paper aims to accomplish two goals. First, to present recent empirical evidence supporting the claim that Serbia is on the path towards embracing a more radical version of electoral authoritarianism. This is accomplished by examining most recent illiberal politics aimed at controlling electoral processes and the media sphere, and extracting public funds for partisan purposes. I claim that the incomplete design of democratic institutions in Serbia set up between 2001 and 2012 is primarily responsible for the democratic decline. The second goal is more general and aims to emphasize the importance of extracting public funds for hybrid regimes. Extractive institutions matter because they directly impact other critical segments of electoral authoritarianism (notably, elections and media freedom), but also because they explain the type of leadership they promote in politics. If public resources remain without proper institutional oversight and are simply ‘up for grabs,’ this will attract leaders more willing to dismantle democratic institutions and violate democratic procedures. Serbia serves as a good and current example of this linkage.
