The science and technology imperative for Russia's competitiveness during the conceptualization of the Fourth Industrial Revolution (Industry 4.0)

Abstract

Subject. The article discusses the state and potential of S&T development in Russia in terms of the competitiveness of the national economy at the dawn of the fourth industrial revolution. Objectives. The research is aimed to examine Russia's position in the Global Competitiveness Index, considering the way countries worldwide prepare for the fourth industrial revolution. We also determine Russia's part in the global economy and international division of labor. The article also formulates the issue of S&T development so as to outline recommendations for the national economic policy. Methods. The research employs the new methodology of the World Economic Forum during the rise of Industrie 4.0. Other tools include the microsystems analysis, statistical, historical and comparative methods. Results. Considering the low innovative activity of entities and relatively low R&D costs, we still emphasize the resource-based profile of Russia's foreign trade. We substantiate the possibility of increasing the global competitiveness of the national economy and imperative nature of S&T development in the country concurrently with the fourth industrial revolution. Conclusions. Despite the slugging innovative activity and insufficient labor productivity for technological business, Russia's economy continues to climb the Global Competitiveness Index. There are respective conditions for information technology and creation of the large national market in Russia. Thus, Industrie 4.0 clears new horizons for Russia to change its positions in the international division of labor. The State should contribute to the development of the national S&T potential, increase innovation investment, and undertake active measures to prevent social issues and overcome the regressing integration of Russia into the global microsystem.