MANAGING ECONOMIC GROWTH ON THE BASIS OF NATIONAL PRODUCT QUALITY IN THE CONDITIONS OF INDUSTRY 4.0

Abstract

In the conditions of Industry 4.0, quality of economic growth is treated through the prism of its innovational, hi-tech, and marketing characteristics, which are traditionally different in developed and developing countries. Based on the law of the transformation of quantity into quality, the following hypothesis is offered: qualitative characteristics of the national product have to determine its quantitative characteristics – growth rate – and management of economic growth could and should be performed on the basis of quality of the national product in the conditions of Industry 4.0 in view of specifics of developed and developing countries.