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Abstract
Growth and economic development are major concerns around the world.
Specifically, a number of developing countries still face major blockages to
improving the well-being of the majority of their population. Therefore a
fundamental issue arises: how can such countries go through a successful
process of transition on the road to growth and economic development?
A number of transition strategies have been tried by different countries in
various parts of the world. Some worked, others did not. Existing studies tend
to focus on failures. However, there are success stories from which a lot can be
learned. This paper focuses on several success stories of economic transition in
Latin America and sub-Saharan Africa, two continents faced with major transition
problems. Other important aspects of transition, in particular in the social,
political and ecological arenas, are not addressed.' The paper attempts to
elaborate a conceptual framework to analyse major kinds of transition; to
identify success stories in transition in Latin America and sub-Saharan Africa;
and to draw lessons for countries in transition.