you are always racing the clock against Europe even when you don't see them.
Always develop the instituion you won't realistically get for 50 years.
There is also the snowball effect that not developing one instituion in timely manner means you lack the excess mil to develop the next one..
Actually, Reman did a video on Institutions when they first came out, and after some observer games, found out a few things:
1.) Every non-American region stayed within 3.5 MIL techs of Europe on average, with the one exception being East Asia, who peaked at about 3.75 techs behind after the first quarter of the 17th century. Yeah, it's a unit type behind in the vast majority of cases, but I bet it's smaller than you thought. Region that stayed the closest to Europe? India, thanks to the Portuguese getting Goa and AI not wanting to add provinces to TCs until they've converted the Heathens first.
2.) Pretty much everyone who isn't Non-Totemist American or Hordes gets within half a tech of Europe by the end of the 18th century. This is partly because of how the last 3 institutions spread, but also because the Ahead-of-time penalty for technologies goes from 13 years between tech levels to 15 years once you get to the 18th century.
3.) AI nations will sometimes develop institutions on their own. Every game had an East or Southeast Asia country developing the Renaissance on their own before the spread got there, with one where Korea got it in 1500. And this was before MoH and Ming's super cheap advisors.
You can watch it here:
Also, worth keeping in mind that, until we get the patch for Cradle of Civilization, the AI has a bug where it will *never* attack a nation that it doesn't have a province or colonial nation next to it. if you ever wondered how Cyprus stays alive through the entire game despite being an heathen OPM right next to the Ottomans, or why in your GB games you were never directly wardeced after losing all your mainland territory, that's why... and it pretty much means that, outside of West Africa and the New World and Southeast Asian islands that have colonizable territory on them, you never have to actually fight a European nation until you want to.