, ECS3705 Assignment 2 (COMPLETE ANSWERS) Semester
2 2024 - DUE September 2024 ; 100% TRUSTED Complete,
trusted solutions and explanations.
“Kenya keen on fourth industrial revolution” Read the following
article and then answer the questions that follow. The
government has identified specific goals and targets to steer
growth as the country strives to catch up with the fourth
industrial revolution. The fourth industrial revolution is the
ongoing automation of traditional manufacturing and industrial
practices, using modern smart technology. Among government
targets is the development of the iron and steel industry through
the establishment of an integrated steel mill. Source: The Star
Access date: 29 August 2024 For full article visit website:
Question 1 After reading the extract, identify and explain any
five mercantilist principles that are implied in the article. Make
sure your answer is based on information in the case study. (25
marks)
To answer your question about the mercantilist principles
implied in the article on Kenya's focus on the fourth industrial
revolution, here are five principles you might consider:
1. State Intervention in the Economy: The Kenyan
government’s active role in setting goals and targets to
foster growth indicates a mercantilist belief in state
intervention to manage and direct economic activity. This
aligns with the idea that the state should play a significant
role in promoting industry and trade.
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