Critically examine the institutional dimensions of development.

The institutional dimensions of development play a crucial role in shaping the trajectory of a country's progress. Institutions, in this context, refer to the formal and informal rules, norms, and practices that govern various aspects of a society, including political, economic, social, and cultural realms. These institutions can either facilitate or hinder development, as they determine the way resources are allocated, decisions are made, and interactions take place within a society. A critical examination of the institutional dimensions of development reveals their significant influence on the outcomes of growth, equity, and sustainability.

1. Political Institutions: The political framework of a country sets the stage for development. Effective political institutions ensure stability, rule of law, and accountable governance. A functional democracy with transparent elections ____ ____ ________ ________ __________ ____ ___ ________ ____ _______.
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