State Regulation of the Cyber Economy Based on the Breakthrough Technologies of Industry 4.0
Purpose: The purpose of this chapter is to determine the perspectives and to develop recommendations for the digital modernization of state regulation of the economy in Russia, using the breakthrough technologies of Industry 4.0.
Design/methodology/approach: The authors perform a statistical overview of the modern Russian practice of obtaining state services by economic subject using materials from “Indicators of the digital economy 2018,” which was compiled by the National Research University “Higher School of Economics.”
Findings: It is determined that in modern Russia, digital modernization of the practice of state regulation of the economy does not conform to the current needs of the cyber economy, as it is limited by its focus on only one direction (provision of state services) and it is based on traditional digital technologies (Internet).
Originality/value: A conceptual model for state regulation of the cyber economy based on the breakthrough technologies of Industry 4.0 is offered, according to which the digital modernization of regulatory practices also covers other areas (monitoring of economic activities, management of economic activities, and support for a favorable economic climate) through the utilization of digital technologies including blockchain, cloud technologies, the Internet of things, AI, quantum technologies, etc. Practical implementation of the developed model will satisfy the current and future needs of the cyber economy, which is currently forming in Russia, for hi-tech state regulation.
KeywordsState regulation Cyber economy Breakthrough technologies Digital modernization Industry 4.0 Modern Russia
JEL CodeL51 O31 O32 O33 O38
This chapter has been prepared with the support of the “RUDN University Program 5-100.”
- Government of the Russian Federation (2019) Program “Digital economy of the Russian Federation”, adopted by the Decree dated July 28, 2017, No. 1632-r. http://static.government.ru/media/files/9gFM4FHj4PsB79I5v7yLVuPgu4bvR7M0.pdf. Accessed 28 Feb 2019
- National Research University “Higher School of Economics” (2019) Indicators of digital economy 2018: statistical collection. https://www.hse.ru/data/2018/08/20/1154812142/ICE2018.pdf.pdf. Accessed 28 Feb 2019
- Popkova EG, Sergi BS (2019) Will Industry 4.0 and other innovations impact Russia’s development? In: Sergi BS (ed) Exploring the future of Russia’s economy and markets. Emerald Publishing, Bingley, pp 34–42Google Scholar
- World Economic Forum (2019) The Global Information Technology Report 2016. http://www3.weforum.org/docs/GITR2016/WEF_GITR_Full_Report.pdf. Accessed 28 Feb 2019