The Global Experience of State Support for Industrial Production in the Context of the Transition to Industry 4.0 and Digitalization

Ivan P. Buleev; Oleksandra Chorna; Yaroslav Bryukhovetsky

doi:10.5604/013001.0015.9364

Published : 2021-12-30

Vol. 95 No. 4 (2021)

The Global Experience of State Support for Industrial Production in the Context of the Transition to Industry 4.0 and Digitalization

Ivan P. Buleev

Oleksandra Chorna

Yaroslav Bryukhovetsky

DOI: https://doi.org/10.5604/013001.0015.9364

Abstract

The article provides an overview of government initiatives around the world aimed at encouraging the modernisation of industrial production. Government policies in this regard have been pursued in many countries with an emphasis on digital technology, innovation, and collaboration between government, business and science. The article presents various measures of state support for industrial production in the context of the transition to industry 4.0 and digitalization, including public-private partnerships. Today, the Ukrainian industry is in crisis. The manufacturing sector needs to manage its digital transformation, show greater concern for the environment and improve energy efficiency in order to compete in the domestic and foreign markets with new, more efficient players. What is required to accelerate the shift towards Industry 4.0 and the process of digitalisation are effective tools and government support as well as the platforms of understanding between representatives of government, business, science, educational institutions and other stakeholders.(original abstract)

Keywords:

Industrial production, Digitization, Modernization of industry, Aid for enterprises, Financial support, Public state aid

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Buleev, I. P., Chorna, O., & Bryukhovetsky, Y. (2021). The Global Experience of State Support for Industrial Production in the Context of the Transition to Industry 4.0 and Digitalization. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 95(4). https://doi.org/10.5604/013001.0015.9364

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Ivan P. Buleev

Affiliation:

Institute of Industrial Economics of the NAS of Ukraine, Kiev (Ukraine) United States

Oleksandra Chorna

Affiliation:

Institute of Industrial Economics of the NAS of Ukraine, Kiev (Ukraine) United States

Yaroslav Bryukhovetsky

Affiliation:

Institute of Industrial Economics of the NAS of Ukraine, Kiev (Ukraine) United States