Question: Please explain why this statement about the importance of institutions - and the rule of law in particular for economic development is correct? In your

Please explain why this statement about the importance of "institutions - and the rule of law in particular" for economic development is correct? In your essay answer, use a specific example from Unit 5, Unit 6, and Unit 7 (readings and videos) in support of this position. Thus, your essay answer should include a total of 3 specific examples with each one taken from each of the aforementioned units.

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