Legal regulation of economic security of Ukraine under the establishment of Industry 4.0

Abstract

Problem setting. The conditions of the modern digital era impose new requirements on the efficiency of national enterprises. Industry 4.0 involves digitization and automation of production processes and management at enterprises of the real sector of the economy to increase labor productivity, reduce costs, flexibility and adaptability of production systems, and the effectiveness of cooperation in the value creation chain. At the same time, with the possibilities of Industry 4.0 technologies, there are threats to economic security, which requires the development of a strategic vision and legal regulation of security in the digital economy. Analysis of recent researches and publications. The analysis of scientific publications of domestic scientists on the topic of the study showed that there are two opposite groups of works. The first group of researchers analyzes the risks and threats of Industry 4.0 for the economy; however, the authors do not provide recommendations for ensuring economic security in the digital economy. The second group of scientific publications is devoted to general issues of ensuring the economic security of Ukraine, in particular in the legal sphere. However, they hardly pay attention to threats from digitalization. Purpose of research is the development of theoretical provisions and practical recommendations regarding the improvement of regulatory and legal regulation of ensuring the economic security of Ukraine in the conditions of the formation of Industry 4.0. Article’s main body. The work examines the essence of Industry 4.0, the possibilities and advantages of introducing digital technologies into management and production processes, the risks of digitalization and threats to the economic security of Ukraine, the feasibility of improving the legal regulation of economic security in the conditions of the introduction of digital technologies is substantiated. During the analysis of legal acts, the lack of a strategic vision of ensuring economic security against the threats of digitalization, an insufficient list of security indicators for assessing the consequences of digital transformations, and the threat of Ukraine’s financial and technological dependence on developed countries were revealed. The basic principles of the formation of state policy in the field of economic security are substantiated: the rule of law, the priority of protecting economic sovereignty, the correlation and comparability of national and international legislation, adequacy, expediency, meaningfulness, rationality, timeliness and effectiveness of regulatory measures, mutually beneficial conditions of international cooperation, equality of opportunities for residents and nonresidents, stimulation of the domestic economy, sequence of opening of the national economic system for the EU economic system, priority of protection of strategic sectors of the economy, recognition of the jurisdiction of international judicial and arbitration bodies. It is proposed to improve legal regulation in terms of expanding the principles of state policy formation in the field of economic security, revising the methodology for calculating the level of economic security of Ukraine, regulating the provisions on the development and implementation of the Strategy of Economic Security of Ukraine, establishing threats from digitalization and determining the corresponding tasks to overcome them in each sphere of economic security. Conclusions and prospects for development. The implementation of Industry 4.0 is associated with significant threats to national economic security, which requires the development and implementation of a state policy to ensure security in the field of the digital economy. The developed recommendations for improving legal regulation will allow to more effectively ensure economic security in Ukraine. Further directions of research consist in the development and scientific substantiation of measures to ensure economic security in conditions of digitalization, improvement of legal support for their effective implementation.