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Economic and Political Challenges of Development in Ukraine Industry 4.0

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Digitalisation: Opportunities and Challenges for Business (ICBT 2022)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 620))

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Abstract

The study found that the demand for technological transformation in Ukraine on the basis of Industry 4.0 is due to a number of factors associated with low economic and social performance of production models and the external sector that do not meet the conditions of the XXI century. Testing the results of Ukraine’s international activities over the past five years according to the criteria of foreign economic security has indicated a permanent state of achieving critical levels of threats. The analysis showed that the investment resource of non-resident companies does not serve as a driver of technological innovation in Ukraine due to the low level of investment attractiveness of the country. The identification of changes that correspond to the principles of neo-industrial development has confirmed that they are not systemic in nature, but rather targeted. Modernization covers individual companies in different segments of the Ukrainian market, which belong to both traditional and new industries. Transformations related to Industry 4.0 in Ukraine are accompanied not only by economic problems, but also by the political dimension. The expected positive effects of modernization of production and its optimization on the other hand have a loss of workers in traditional industries of their jobs and income. This, in the conditions of weak financial capabilities of Ukraine as a state, leads to the deepening of the processes of precarization and impoverishment.

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Authors and Affiliations

  1. Department of World Economy, State University of Trade and Economics, Kyiv, Ukraine

    Igor Fedun, Liudmyla Kudyrko & Oleksandr Shnyrkov

  2. Sector of Scientific Bibliography and Biography Study of Institute of History of Agrarian Science, Education and Technique of National Scientific Agricultural Library of National Academy of Agrarian Sciences of Ukraine, Kyiv, Ukraine

    Roman Bey

  3. Institute of Water Problems and Land Reclamation of NAAS, Kyiv, Ukraine

    Mykhailo Yatsiuk

  4. Department of Political Science, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

    Artem Syniuchenko

Authors
  1. Igor Fedun
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  2. Liudmyla Kudyrko
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  3. Oleksandr Shnyrkov
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  4. Roman Bey
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  5. Mykhailo Yatsiuk
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  6. Artem Syniuchenko
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Correspondence to Oleksandr Shnyrkov .

Editor information

Editors and Affiliations

  1. Northern Cyprus Campus, Middle East Technical University, Kalkanlı, Türkiye

    Bahaaeddin Alareeni

  2. College of Business and Finance, Ahlia University, Manama, Bahrain

    Allam Hamdan

  3. University College of Bahrain, Manama, Bahrain

    Reem Khamis

  4. Lebanese American University, Beirut, Lebanon

    Rim El Khoury

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Fedun, I., Kudyrko, L., Shnyrkov, O., Bey, R., Yatsiuk, M., Syniuchenko, A. (2023). Economic and Political Challenges of Development in Ukraine Industry 4.0. In: Alareeni, B., Hamdan, A., Khamis, R., Khoury, R.E. (eds) Digitalisation: Opportunities and Challenges for Business. ICBT 2022. Lecture Notes in Networks and Systems, vol 620. Springer, Cham. https://doi.org/10.1007/978-3-031-26953-0_42

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  • DOI: https://doi.org/10.1007/978-3-031-26953-0_42

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