Resumo

The first part of this article analyzes the mechanism of regional subordina-tion which had its start in the thirties. This mechanism tended to strengthen the structural factors, which inhibited an internal dynamic. Later it seeks to explain how this subordination was consolidated in a higher stage of monopoly capitalism where the State was fundamental element, which made this policy viable. It concludes by examining the limits of the reproduction of capital on a regional level from the perspective of a dif-ferentiated and limited geographical space.