(Answered) A key to economic growth and development is toA key to economic growth and development is to

➤ Why are institutions and governance critical for sustained growth?
Strong institutions enforce contracts, protect property rights, and reduce corruption. Good governance lowers transaction costs and encourages entrepreneurship and long-term investment. Transparent public spending and predictable regulation increase market confidence, improve resource allocation, and help achieve inclusive growth by making economic rules fair and reliable for all actors.