RUSSIA IN THE 2020S: ECONOMICS AND LAW FACING CHALLENGES INDUSTRY 4.0

Abstract

The article is devoted to the analysis of the main direction of the prospective development of the world community-Industry 4.0, as a materialized expression of the fourth scientific and technological revolution, which will be decisive for the prospects for the development of modern civilization for the next 25-30 years, and possibly more. The study is conducted from the perspective of the two most important areas of modern public life-economics and law. Based on this, the purpose of the work is the formation of a comprehensive understanding of the current stage and prospects for the integration of Industry 4.0 into the modern global and domestic social structure, specifically in the prism of its interpretations in the economy and the legal sphere. The economic interpretation of Industry 4.0 today consists of three main hypostases-the introduction of Artificial Intelligence technologies into the functioning of economic actors, the transformation of the modern Internet in the direction of such innovative forms as the Internet of Things (IoT) and the Internet of People (IoP) with the deepening of the integration of economic actors into this virtual environment, formation of a «smart enterprise» through the creation of cyber-physical systems. The legal sphere, in the context of integrating the components of Industry 4.0 into the public environment as a whole, will face a number of challenges, among which, first of all, it is necessary to highlight the need to adapt the political and legal system to new conditions and form adequate responses to emerging trends. Also, already today, in order to predict, a list of those economic and legal problems that society will face in the practice of introducing the above elements into socio-economic practice can be proposed.