Latin American capitalisms: towards a conceptual framework [Articol]

Abstract

This article seeks to realize a comprehensive analysis of the structure and dynamics of Latin American capitalism, as well as to explore its regional and national variations. Drawing on theoretical perspectives such as neo-structuralism, dependency theory, and the varieties of capitalism approach, the study highlights the distinctiveness, often referred to as the “peculiarities” of capitalism in Latin America compared to its Western counterparts. Emphasis is placed on the historical and spatial dimensions of capitalist development, the center–periphery hierarchy, and the systemic interdependence that shapes the global economy. The article examines key factors influencing the diversity of capitalist models in the region, including state-market relations, patterns of production, financial systems, and institutional capacities. It further argues that the dynamics of accumulation, inequality, and dependency are crucial to understanding the region’s economic configuration. Ultimately, the article contributes to a broader, interdisciplinary debate on global capitalism by offering an analytically eclectic interpretation of its Latin American forms.