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- W1862972775 abstract "Sustainable development involves many things. More appropriate technologies, supportive policies, different ethics, and changes in individual behaviour are among the more obvious factors. One contributing factor that deserves more attention is the element of institutions. Hence, recently, researchers, planners, policy makers and practitioners have paid a considerable attention to the role of adequate and effective institutions for development. In addition, it can be argued that institutions and the institutional arrangements and mechanisms for development provide the missing link that can explain the differences in growth rates and development trends across developing countries. It is, therefore, important to address the questions of how particular institutions work efficiently in developing countries and how to overcome existing institutional bottlenecks. The objective of this research paper is to highlight the importance of institutions with regard to economic development and in achieving sustainable development. It also examines the development plans carried out and investment programmes announced in Sudan since its Independence. This research paper constitutes five major sections in addition to the introduction and conclusion. Section one provides numerous definitions to what is meant by sustainable development and institutions and their classifications. Section two highlights the empirical links between institutions and development and the prevailing literature supporting that link. Section three discusses roles and functions played by institutions and the importance of effective legal systems and good governance in development. Section four illustrates functions of institutions in economic development. The research concludes that the experience of the Sudanese economy in building institutions provides a key reason for differences in development performance. It is not the quantity but the quality of government institutions and government intervention in the provision of quality institutions. This outcome invariably lies in politics and quality of the government. Those with stable politics and strong disciplined, honest and capable people in government will do much better than those without. Thus, in order to grow, Sudan needs to have not only a good set of institutions but the capacity to change those institutions overtime." @default.
- W1862972775 created "2016-06-24" @default.
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- W1862972775 date "2012-06-02" @default.
- W1862972775 modified "2023-09-26" @default.
- W1862972775 title "The Role of Institutions in Sustainable Development: The Experience of Sudan Economy" @default.
- W1862972775 hasPublicationYear "2012" @default.
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