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Industry 4.0 is not only just a new sector of economy--it is a new technological model of economic development, which will determine the technical possibilities, organizational philosophies, and approaches to managing socio-economic systems in the near future. Signs of the Fourth Industrial Revolution can already be seen in the most progressive developed and developing countries. However, despite the high interest of entrepreneurs in the possibilities that are provided by Industry 4.0, large-scale investment projects and the adoption of state and national strategies and programs to facilitate the financing and transition to Industry 4.0, the Fourth Industrial Revolution is developing very slowly. The reason for this is the non-systemic character of the implemented initiatives.
Economics --- Industry 4.0. --- Technological innovations --- Economic aspects.
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The development of the Digital Economy has been a landmark breakthrough for economic systems in the 21st century, as it opens up opportunities for the full-scale implementation of new digital technologies and the optimization of economic activities. While the conceptual essence and specific features of the digital economy are described in detail in the existing literature, the practical foundations of its formation are poorly studied. In this book, the digital economy is studied from the perspective of neo-institutional economic theory. This allows for the tracking of the process of formation (institutionalization) of the digital economy, determining the basic institutions that are necessary for its formation and that exist in modern economic practice, and analyzing scenarios for the future development of the digital economy in the 21st century.
Information technology --- Economic aspects. --- Institutional economics.
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