“…General issues of formation and development of the social market economy in the modern economic conditions, including Russia, are studied in the research works by Agunovich et al (2018), Andronova andRiazantsev (2006), D'Aleo and, Goyal and Sergi (2015a, b) The institutional foundations and specifics of social management in modern regions' economies are studied in the research works by Amin (2019), Andrew and Doloreux (2012), Bergsten et al (2014), Ciftcioglu (2019), Dreher (2012), Girardi et al (2019), Jackson et al (2012), Kourachanis (2019), Maroto et al (2013), Mertzanis et al (2019), Mylek and Schirmer (2016), Nayak et al (2019), Porro and Porro (2015), Reddy (2019), Smith et al (2019), Solis et al (2019), Sorj andFraga (2020), Vampa (2014), Wilson et al (2018) and Wolfe and Bramwell (2016).…”