Abstract
The author’s models of the influence of the IT sector on the socio-economic system and institutional interrelation between the subsystems of the information economy were developed, the mechanism for assessing the economic efficiency of the information economy from the position of reducing the amount of information and transaction costs was proposed. New institutions of the information economy that coordinate the interaction of state institutions, business and individuals have been identified. The interrelation between modern information innovations and low transaction costs, their impact on competitiveness at micro and macro levels were showed. Perspective economic instruments of the new economic system, including the development of information logistics, elements of distance education and blockchain-technologies in Russia and Belarus were considered.
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