Conditions, Resources and Factors Providing Inclusive and Sustainable Economic Growth in Times of 4th Industrial Revolution

Abstract

The article summarizes classical and advanced theoretical, methodological and practical approaches to managing conditions, resources and factors providing inclusive and sustainable economic growth. The focus is made on description and identification of the place and role of the 4th industrial revolution. It order to reveal the research subject the author studied findings of academic investigations done by experts in the field of macroeconomics and related branches, such as analysis of economic activity, business-planning, information science, cybernetics, management, etc. The author showed groups of indicators used to find index of inclusive development of economy and their brief characteristics. First of all the opinion of Claus Martin Schwab (Germany), economist, the founder and permanent since 1971 President of the World Economic Forum in Davos was presented dealing with key aspects of arising and progressing of the 4th industrial revolution in global economic space.

Keywords

• virtual reality
• augmented reality
• index of inclusive economic development
• management
• method
• nonrenewable energy source
• rating
• stability
• economic entity