Home – Home – Jornals – Region: Economics and Sociology 2026 number 1

The model of the region’s market system in the second decade of the 21st century, while retaining its fundamental features, faced a number of challenges of a financial, economic, socio-demographic, and political nature. The resolution of accumulated and current problems in the functioning of this model is hampered by socio-economic contradictions, the elimination of which will become possible in the near future. Based on comparative analysis, expert assessments, and a synthesis of domestic and international experience, this article examines the current dynamics and structure of the region’s market system and assesses its role in socio-economic development. The region’s market system is considered an integral part of the broader regional socio-economic system; it influences and is influenced by the region’s industrial, social, environmental, and other subsystems. A systemic-reproductive approach to the study of the region’s market system is proposed, which considers economic activity as a set of interrelated cycles, starting with production and ending with the consumption of products and services. The article discusses modern theories and concepts of the regional market system, principles of comprehensive research of the market system, methods of analysis and forecasting of market processes, problems of developing a competitive environment and market infrastructure in the region, and problems of spatial interaction. The author reviews the contemporary theories and concepts of the regional market system, the principles of comprehensive market system research, methods of market process analysis and forecasting, issues of competitive environment development, market infrastructure in the region, spatial interaction issues, and reproductive and institutional aspects of the market system. The author provides a summary of market-forming patterns, external economic relations, and state regulation at the regional level. Models of managing the development of the market system of regions, features of the mechanism of interaction between economic entities in the territory, objective conditions, and principles of management are considered, taking into account recent structural shifts in the economy of the Russian Federation. Promising areas of research into the problems of the regional market system and the development of a reproduction model of its functioning are substantiated, ensuring the implementation of market relations that mediate commodity, financial, and information flows between various economic entities. Conclusions comprise growing risks to the region’s market system associated with the acceleration of technological progress, the fragmentation of regulation of commercial and financial and credit activities, and the tightening of investment attraction policies. The obtained results may be of practical use while formulating a state policy aimed at mitigating differences between Russian regions.