Public Management and legal Support of Economic Modernization of Society

Abstract

"The article considers the key features of economic modernization of society in the Industry 4.0 era, as well as legal support of this modernization and appropriate implications for public management. Theoretical aspects of modernization and regional peculiarities are covered. It is shown that the vectors of public management and legal support of economic modernization of society should be multifactorial and have sufficient flexibility for quick direction modifications if necessary. The emergence of convergence of governmental and non-governmental “legal systems”, derived from digital platforms is noted, and it is suggested that for enabling effective and economic security-based legal support of society’ economic modernization, the law must today “learn”, developing within the digital environment and digital society."