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This book addresses a wide range of issues relating to the theoretical substantiation of the necessity of Industry 4.0, the development of the methodological tools for its analysis and evaluation, and practical solutions for effectively managing this process. It particularly focuses on solving the problem of optimizing the development of Industry 4.0 in the context of knowledge economy formation. The book presents the authors' approach to studying the process of Industry 4.0 formation in connection with knowledge economy, and approach that allows the process to be studied in connection with the existing socio-economic and technological conditions. As a result, the conclusions and recommendations could be applied to modern economic systems and do not require any further elaboration. The presented research is based on modern economic theory scientific and methodological tools, including the tools of the theory of economic cycles, the theory of games, and the institutional economic theory. Raising awareness of the problem of Industry 4.0 formation, the book is of interest to a wide audience, including not only specialists and experts with a detailed knowledge of the topic, but also scholars, lecturers, and undergraduates of various fields of economics.

Intro -- Preface -- Contents -- Introduction -- Theoretical Concept of Industry 4.0 in Economy -- The Notion, Essence, and Peculiarities of Industry 4.0 as a Sphere of Industry -- 1 Introduction -- 2 Materials and Method -- 3 Results -- 4 Conclusions -- References -- Genesis of the Revolutionary Transition to Industry 4.0 in the 21st Century and Overview of Previous Industrial Revolutions -- 1 Introduction -- 2 Materials and Methods -- 3 Results -- 4 Discussion -- 5 Conclusions -- References -- Fundamental Differences of Transition to Industry 4.0 from Previous Industrial Revolutions -- 1 Introduction -- 2 Materials and Method -- 3 Results -- 4 Conclusions -- References -- Industry 4.0 and Closed-Loop Economy in the Context of Solving the Global Problems of Modern Times -- 1 Megatrends of Development of Globalization Processes -- 2 Closed-Loop Economy as a Model of Industry 4.0 Development -- 2.1 Evolution of the Essence of the Notion "Closed-Loop Economy" -- 2.2 The Main Provisions of Closed-Loop Economy -- 2.3 Participants of the Process of Development of Cyclic Economy -- 2.4 Who Should Initiate Implementation of Closed-Loop Economy? -- 3 Sectorial Concepts of Implementation of Closed-Loop Economy -- 4 Methodological Approaches to Evaluation of Effectiveness of Closed-Loop Economy -- References -- Development of Industry 4.0 in the Conditions of Knowledge Economy -- The Fundamental Provisions of the Concept of Knowledge Economy -- 1 Introduction -- 2 Materials and Method -- 3 Results -- 4 Conclusions -- References -- Preconditions of Formation and Development of Industry 4.0 in the Conditions of Knowledge Economy -- 1 Introduction -- 2 Materials and Method -- 3 Results -- 4 Conclusions -- References -- The Role and Importance of Knowledge Economy as a Platform for Formation of Industry 4.0 -- 1 Introduction -- 2 Methodology -- 3 Results.

The purpose of the article is to substantiate the necessity and to develop recommendations for modernizing the approach for usage of region's budget resources in the conditions of the information economy creation. The methodological provision of verification of the offered hypothesis includes the specially developed method for evaluating the effectiveness of usage of region's budget resources from the position of the information economy creation. For calculations, the article uses the information and analytical materials of the Russian specialized institutions that study the processes of development of the information economy: "Research Financial Institute", Ministry of Communications and Mass Communications of the Russian Federation, and expert and ranking organizations – the State Management and CNews. It is proved that the traditional approach to usage of region's budget resources, which is applied in modern Russia, contradicts the general national course for development of the information economy, as it does not stimulate the formation of information society and development of information and technological spheres of the regional economy and does not allow for development of interaction and cooperation of all interests parties within the budget process, which confirms the offered hypothesis. To solve the determined problem, the authors develop the modern approach to the usage of region's budget resources in the conditions of the information economy creation and offer practical recommendations for modernizing the existing approach in modern Russia. ; peer-reviewed

The purpose of the article is to develop new criteria and priorities of evaluating the economic effectiveness of the state purchases system in modern Russia. The methodology of the work consists of the general scientific methods (induction, deduction, formalization, synthesis, etc.) and specific methods of the economic theory. The authors conduct the problem analysis of the methodology of evaluation of economic effectiveness of the state purchases system which is applied in modern Russia and analyze the causal connections of its application in practice, as well as conduct the comparative analysis of this methodology and the specially developed proprietary method that allows eliminating the determined problems of the existing methodology. The authors conduct the criterial evaluation of economic effectiveness of the state purchases system in Russia with the specially developed method and conclude that the effectiveness of the state purchases system in modern Russia is high due to a large per cent of economy of budget assets, domination of orders for domestic products within the import substitution policy, stimulation of economic growth, and increase of the society's well-being. Perspectives of further growth of its effectiveness according to the offered criteria and priorities are related to simplification of the procedures of applicants' participation in auctions for stimulating their competition, increase of the share of electronic orders, and moderate reduction of the average sum of order. ; peer-reviewed