PRIORITIES FOR INSTITUTIONAL MODERNIZATION OF THE BELARUSIAN FOREST SECTOR
For the economy of the forest sector of Belarus, which has embarked on the path of institutional transformation, the key issue is the distribution of property rights of forest capital in its value form. Forest rent, which is multilayered in its content and nature, plays a special role in the content of the imperatives of the ecological survival of humanity and the mechanisms for the implementing of the innovation development of society. To a certain extent, forest rents, subordinated to the institutions of ecological culture and effectively managed socio-natural evolution, can make a significant contribution to climate change mitigation by solving problems: promoting the accelerated replacement of nonrenewable resources with renewable ones, positioning the assimilation potential of forests as a component of an ecologically safe economic space, conserve biodiversity, etc. In this work, an attempt is made to show the originality of the institutional development of the forest sector in Belarus under the influence of the need to connect to new types of knowledge of ecological and economic development, ideas about the economy of sharing resources, including ecosystem services and the contributions of nature to the development of economic systems. The aim of this work is to study the model of economic development of the forestry sector in Belarus from the standpoint of the institutional approach in the format of rent relations, experiencing the strengthening of the role of social institutions, which inevitably lead to an awareness of the social responsibility of business, mechanisms of clean (waste-free, eco-safe), bioeconomic development, identification of modernization priorities. The methodological basis of the work was the works of domestic and foreign scientists, as well as field studies of economic agents of the forest sector in Belarus. The subject of the research is economic relations in relation to the forest sector of Belarus from the point of view of establishing rent as a value in the local economic space to ensure the policy of modernization, its priorities in terms of improving the regulatory functions of the state, that is, taking into account social factors.