Identification and Adaptation of the Russian System of Ownership Relations into the Modern World’s Legal and Economic Spaces

Purpose: A provision has been made regarding the Russian system of ownership and its insufficient harmonization with similar systems adopted in developed countries, which also have significant drawbacks. The complex task has been set from its rationalization as such and counters rational harmonization with the systems of the leading countries in the world. Design/Methodology/Approach: The conceptual structure of the system of ownership relations has been introduced for this purpose. It is like the conceptual basis of complex systems engineering, economic, and legal interpretations of the processor (the mechanism), the implementation of static and dynamic relations of persons and objects in the civil economic space. Findings: This concept is based on the introduction of a special class of structurally and procedurally typed systems that are given the character of the vocabulary of the metalinguistic converged description of the verbal processor for manipulating persons in relation to objects and the verbal dependence of these objects on these persons. Practical Implications: A conceptual approach to its rationalization and harmonization has been formed based on the idea of a unified global structure of representing the system of ownership relations. Originality/Value: Argued the estimation of the low quality of the modern Russian system of ownership relations (another used term – property relations) and its normative legal representation.