Bangladesh, July 16 -- Nations do not achieve sustainable prosperity merely by constructing physical infrastructure, expanding financial resources, or pursuing short-term economic gains.

The true foundation of progress lies in building institutions that endure beyond individuals, governments, and generations. Roads, bridges, and technologies may accelerate development, but only strong institutions can sustain it.

History demonstrates that societies with effective institutions achieve greater economic stability, social cohesion, and democratic resilience, while those with weak institutions often experience uncertainty, inefficiency, corruption, and declining public confidence.

Institution building is therefore not simply an exercise in...