The significance of the rule of law in modern governance lies in its role as a foundational principle that ensures fairness and justice in the legal system. It mandates that all individuals, including government officials, are subject to the law, thereby preventing arbitrary decision-making. Upholding the rule of law fosters public confidence in governmental institutions and protects citizens' rights. It also establishes checks and balances among branches of government, enhancing accountability and transparency. In essence, the rule of law is vital for maintaining social order, promoting stability, and ensuring that democratic governance is safeguarded from abuse of power.