Economic and Political Challenges of Development in Ukraine Industry 4.0

The study found that the demand for technological transformation in Ukraine on the basis of Industry 4.0 is due to a number of factors associated with low economic and social performance of production models and the external sector that do not meet the conditions of the XXI century. Testing the results of Ukraine’s international activities over the past five years according to the criteria of foreign economic security has indicated a permanent state of achieving critical levels of threats. The analysis showed that the investment resource of non-resident companies does not serve as a driver of technological innovation in Ukraine due to the low level of investment attractiveness of the country. The identification of changes that correspond to the principles of neo-industrial development has confirmed that they are not systemic in nature, but rather targeted. Modernization covers individual companies in different segments of the Ukrainian market, which belong to both traditional and new industries. Transformations related to Industry 4.0 in Ukraine are accompanied not only by economic problems, but also by the political dimension. The expected positive effects of modernization of production and its optimization on the other hand have a loss of workers in traditional industries of their jobs and income. This, in the conditions of weak financial capabilities of Ukraine as a state, leads to the deepening of the processes of precarization and impoverishment.