Goverment Initiatives 4.0: A Comparison Between Industrial Innovation Policies For Industry 4.0

In recent years, the fourth industrial revolution has attracted increasing attention around the world. However, efforts are still lacking to systematically review the state of the art of this new wave of industrial revolution. In the second decade of the 21st century, the rapid proliferation of technology and the intensification of global competition created a sense of urgency for governments of developed and developing countries to engage in a major industrial revitalization, leading to the global emergence of something generically known as Industry 4.0. These critical government programs are expected to dramatically alter the global structures of major industrial sectors. The World Economic Forum took the lead in discussing the Fourth Industrial Revolution, adding the issue to its 2016 agenda, and found that many governments were concerned about how to support their country's participation in the Fourth Industrial Revolution and were pursuing programs to support these efforts. Based on this context, this literature review aims to analyze global government initiatives, making a comparison between industrial innovation policies of Industry 4.0. Prisma methodologies were used to compose the final portfolio, which made it possible to find the most relevant works for the research. This study contributes to the clarification of innovation policies for the development of Industry 4.0, presenting to emerging economies that it is essential to develop policies that guide the direction of revitalization of the development of industry using demand-side policies. Thus, the study presents how through good governance, the Fourth Industrial Revolution can better promote sustainable development that meets the needs of the present without compromising its capacity to meet the needs of future generations.