The article considers the key features of economic modernization of society in the Industry 4.0 era, as well as legal support of this modernization and appropriate implications for public management. Theoretical aspects of modernization and regional peculiarities are covered. It is shown that the vectors of public management and legal support of economic modernization of society should be multifactorial and have sufficient flexibility for quick direction modifications if necessary. The emergence of convergence of governmental and non-governmental “legal systems”, derived from digital platforms is noted, and it is suggested that for enabling effective and economic security-based legal support of society’ economic modernization, the law must today “learn”, developing within the digital environment and digital society.

Highlights

• The article is devoted to the investigation of the models of economic modernization of societies in different regions of the world in the era of Industry 4.0, and revealing conditions for the formation of effective legal support and public administration frameworks for this modernization.
• The obtained results demonstrated extreme complexity of socio-economic modernization environment today and the necessity of multifactoriality of vectors of public management and legal support of economic modernization of society
• The practical significance of the research lies in outlining implications and challenges of economic modernization of society in the Industry 4.0 era regarding shaping vectors of public administration and legal support of economy’ and society’ modifications and further development.