Research monograph entitled Modern processes of economic development - Economics and Law, is a theoretic and implicative study devoted to different dimensions of economic development. Problems discussed in the monograph relate to economic changes in the 21st century, characterised by dynamism, turbulence as well as uncertainty and risk. The need for quick adaptation to technological innovations as well as changing market and stakeholders' needs is now greater than ever. Proper utilisation of the possessed potential by market players ensures development of new solutions, initiates new processes and, therefore, establishes conditions for development and growth.