FINANCIAL, ECONOMIC AND SUSTAINABLE DEVELOPMENT OF STATES WITHIN THE CONDITIONS OF INDUSTRY 4.0

Abstract

The article assesses the achievements of sustainable development by EU countries within the conditions of Industry 4.0. It has been determined that the concept of sustainable development achievement is integrated into the development of the technological sector. Achievements of sustainable development do not outpace the rapid development of Industry 4.0. More technologically advanced countries provide higher level of economic growth and prosperity. The growth rate of Greenhouse gas emissions (in CO2 equivalent) in 1990 base year, is rising in advanced countries; herewith, such rate is slowing down in less developed countries. Employment growth in the high-tech and medium-tech sectors of EU countries corresponds to the worst environmental situation.