The modern period of development of society and the economy is characterized by the intensive development of new technologies, which began to fundamentally and on a large-scale transform the social space, transform production processes, and create completely new types of activity. The possibilities for their effective use depend on many components, but the most important role is assigned to the institutional component, which creates conditions conducive to the formation and implementation of advanced development.
Keywords: advanced development, sustainable development, economic theory, institutional environment, infrastructure, education, development institutions