ABSTRACT
In Latin America, the challenge to neoliberalism and the pressure for a change reached its peak in the early 2000s, given the depth of the economic crisis then registered in the subcontinent, particularly in Venezuela, Ecuador and Argentina, where political instability accelerated the introduction of new economic policies. In Brazil, the adoption of a hard "macroeconomic tripod" after the devaluation of the real beginning of 1999, lead the country to years of stagnation with high unemployment. The French theory of regulation seeks to highlight the political, economic and institutional elements able to characterize the different forms of capitalism that can take place throughout its historical evolution, as well as their different growth and accumulation patterns. The competition pattern of the accumulation regime, deals with the predominant pattern in the market structure, namely the degree of monopolization of the economy and the level of state intervention to correct any distortions.
