The rule of law is significant in developing countries as it establishes a framework for governance grounded in justice, equality, and accountability. It helps to curb corruption and abuse of power by ensuring that laws apply equally to all citizens, including public officials. A robust rule of law can attract foreign investment and promote economic stability, essential for development. Additionally, it empowers citizens by protecting their rights and providing mechanisms for redress. However, achieving the rule of law often faces challenges, including weak institutions, lack of political will, and societal norms that may prioritize power over legal frameworks.