Synthesizing the problems and obstacles of productive capital in Latin America: a discussion based on Orlando Caputo’s Marxist Theory of Dependency

Abstract

The objective of this work was to review the problems and challenges of productive capital in Latin American economies. The aim was to update the debate in the light of contemporary capitalism, discussing its findings with the historical perspective of dependent industrialization by Orlando Caputo’s Marxist Theory of Dependence. To this end, a review was carried out using nine specialized scientific journals as source, which were methodologically systematized and whose content was synthesized in topics considered relevant. They were: ‘Dependency and value transfer mechanisms’; ‘Origin and constitutive dynamics of productive capital in dependent economies’ and the ‘Problems and obstacles of productive capital in dependent economies’. At the end, these contents were discussed with the perspective of the relationship between productive and financial capital in dependent economies in Caputo’s view. Finally, it was concluded that Caputo’s perspective is still incipient in the understanding of the (de)industrialization process experienced in LA even today.