From Industry 4.0 to Industry 5.0 – the way for sustainable development and welfare of Society 5.0

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Management Department of Kyiv National Economic University named after Vadym Hetman (KNEU)
The concepts of Industrial Revolution 4.0 and Industrial Revolution 5.0 are discussed in the paper. As a result of Industry 5.0, the welfare of Society 5.0 is described by the model developed by the author. The model combines the approaches by H.R. Varian (2010) and by D. Begg, S. Fischer, and R. Dornbush (1991).
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Industry 4.0, Industry 5.0, Society 5.0
VI International Conference: Strategic Imperatives of Modern Management, КНЕУ, 2022, pp. 249-253