Development, Country, Important, Institutions


Question by trance: How are institutions important for the development of a country?

Hello guys, my professor sent us a paper work over the holidays. This subject is about US Development Institutions. Now all she said in the email was to come up with a one paper explanation on how institutions are important for the development of a country. The problem is, she didn't really specify what type of institution but I'm thinking of development or financial institutions in general.

Would please give me an idea about the significance of institutions for development so I could know where to start?

Thank you in advance guys. :) Happy 2009




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