Improvement of the institutional mechanism of government regulation of the development of corporations is considered as a function of the state which forms the foundation of the institutional environment for the development of society as a whole.
The objectives of this article are to determine the essence and structure of the institutional environment, as well as to study its impact on the formation and activities of recreation and tourism in Ukraine.
The article reveals the essence of the institutional environment from different points of view. The formal and informal institutions are defined and their role is highlighted. Considerable attention is paid to the analysis of normative legal acts and state electronic resources of a number of foreign countries.
The methodical approach to assess the accumulation of social capital on the basis of its three components is proposed: 1) resource component (human capital); 2) environmental component (social, psychological and institutional environment); 3) effectiveness component (the level of welfare). This methodical approach allows to investigate not only its resource component, but also the ability to correct and effective usage of available resources, taking into account the positive effects of synergy and complementarity.
The article is devoted to the research of economic and institutional mechanisms that stimulate science, technologies and innovations. On the basis of the analysis of main features of global technological development at the present stage, the author researched the activity of international institutions like the UNO which could be effective in solving global problems of technological development and also discovered the institutional providing of innovation activity under extending technoglobalism and as the main condition of sustainable economic development.