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.
