World trends in economic relations legal regulation

The article explores issues related to the participation of states in the formation of economic systems and the legal regulation of economic relations in these systems. The provisions of the different countries constitutions, which establish the legal basis for ownership of the means and results of production, are analyzed. The analysis showed that in the modern world the progressive function of private property and market relations is recognized, while the states that establish the right to private property do not seek to limit their role by establishing this right and participate in economic processes. Answers to many questions about the balance of private and public in the economy are given by the history of economic systems development. It has been established that market mechanisms, including business struggle, are indeed capable of activating the innovative initiative of owners-producers, but the market itself is not able to ensure social stability, actually shifting this function onto the shoulders of their states, which led states to strive not only to establish property rights, but also occupy a certain part of the market. At present, the world community is facing another challenge of the market, which has gone beyond state borders and is again creating, now at the global level, threats to the social sphere.