Rethinking Varieties of Capitalism from the Latin American Periphery

Abstract

The article reconsiders how capitalist diversity is conceived of in the mainstream institutionalist “comparative capitalisms” literature. It highlights the division between centers and peripheries as a differentiation prior to national varieties, subsequently introducing the concepts of “nuclei of accumulation” and “nuclei of state implication.” It proposes to analyze (peripheral) varieties of capitalism as results of the conformation and change of these nuclei, their interrelations, and their insertion into global economic and political networks.