The fourth industrial revolution is the blending of technologies of the physical, digital and biological world, which creates new opportunities and affects political, social and economic systems. The fourth industrial revolution fundamentally transforms modern production, thanks to new technological achievements, including digitalization and robotization, artificial intelligence and the Internet of things (IoT), new materials and biotechnology. Due to these changes, production in developed countries again becomes the main source of prosperity and creation of new jobs. In this paper, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This paper mainly focuses on presenting the authors views on how to sustain and increase competitive advantage of the Russian Federation by catching and implementing Industry 4.0. With Industry 4.0, Russian Federation get a bigger share of the world manufacturing value chain. In this paper, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This paper mainly focuses on presenting the authors views on how to sustain and increase competitive advantage of the Russian Federation by catching and implementing Industry 4.0. With Industry 4.0, Russian Federation get a bigger share of the world manufacturing value chain.

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The authors in this chapter show the essence, dignity, current state, and development prospects of avatar-based management using blockchain technology for improving implementation of economic solutions in the digital economy of Russia. The purpose of this chapter is not to review the existing published work on avatar-based models for policy advice but to try an assessment of the merits and problems of avatar-based models as a solid basis for economic policy advice that is mainly based on the work and experience within the recently finished projects Triple H Avatar, an avatar-based software platform for HHH University, Sydney, Australia. The agenda of this project was to develop an avatar-based closed model with strong empirical grounding and micro-foundations that provides a uniform platform to address issues in different areas of digital economic and creating new tools to improve blockchain technology using the intelligent visualization techniques for big data analytics.

The research focuses on the characteristic features of the modern development in the cooperative sector in the agro-industrial complex of North American and European countries, taking into account the existing differences in legislation, national traditions, local differences, and the importance of the cooperative movement to search for effective responses to the new challenges of globalization of the economic space. The purpose of the work is to identify the most significant achievements and features inherent in the cooperative sector in the agro-industrial complex of the USA, Canada, France, and Spain. The paper presents quantitative data characterizing the level of development of cooperation in individual countries and the legislative framework for the functioning of agricultural cooperatives. The areas of activity of the largest cooperatives and measures for state support of the development of the cooperative movement in the USA, Canada, France, and Spain are considered. As a result, conclusions were formulated reflecting the significance of the contribution of cooperatives to the economic and financial stability of countries in the context of globalization, to the creation of jobs and increasing the innovative potential of business.