Some of the theories that have attempted to explain social change in Latin America have paved the way to development approaches and models that became hegemonic during the twentieth century and continue to be so in the twenty-first century. The influence of economic theories led to the concepts of accumulation pattern and development model to be considered equivalent. The notion of development model is therefore used to refer to each modality adopted by the process of capital reproduction in a given historical moment. This bias led to each model having serious limitations to address the multiplicity of dimensions inherent in a comprehensive understanding of development