importance of institutional infrastructure
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Answer:
Institutional Infrastructure is important because it leads to future economic growth. This means that the regions' economic health becomes better in the long run with this investment.
Explanation:
By improving the institutional infrastructure the rule of law will be enhanced. The quality of the regulation will also be good. There will be improved contract enforcement and the rights of people would be protected in a better way. This all are small branches that later add up to the long run economic development which will lead to social prosperity.
Education system would be better, the quality of education would be better, there would be increased competition,etc.
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