, 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, here are five mercantilist principles
that can be implied from the article about Kenya's focus on the
fourth industrial revolution:
1. State Intervention in the Economy:
o Explanation: The Kenyan government’s initiative to
steer growth through specific goals demonstrates the
mercantilist belief that the state should play an active
role in economic development. By focusing on the
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