Socializing Industry 5.0: International Experiences

Effective public policy can socialize the vector of technological development. The article describes the best practices applied by technology-advanced nations in implementing the principles of Industry 5.0. Using their experiences in socially-orientated technologies, the authors developed a public policy toolkit that promotes the principles of Industry 5.0. The methodology included content analysis, dialectical method, comparative analysis, graphical method, systematization, economic analysis, and system approach. The comparative analysis featured such technologically advanced countries as Japan, South Korea, China, the USA, Singapore, Russia, Great Britain, the UAE, and Switzerland. It covered strategic approaches to social orientation, ethical regulation tools, financial instruments, education policies, and staffing. These aspects were tested for technological compliance with the objectives of Industry 5.0 using criteria as the sustainability of digital development, as well as the priority of human well-being. Germany and Japan seem to demonstrate the greatest consistency with the goals of Industry 5.0 while South Korea, Singapore, the USA, Great Britain, and Switzerland are at the transition stage. China, Russia, and the UAE experience some difficulties in realizing the principles of Industry 5.0. The authors developed a set of government measures to promote socially oriented technological solutions that may help to overcome the transition stage.