ECS3705 Assignment
2 (COMPLETE
ANSWERS) Semester 2
2024 - DUE September
2024 ; 100% TRUSTED
Complete, trusted
solutions and
explanations.
ADMIN
[COMPANY NAME]
, 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 analyze the article "Kenya keen on fourth industrial
revolution" and identify five mercantilist principles, we can refer
to common tenets of mercantilism, which focuses on
strengthening a nation's economy by maintaining a positive
balance of trade, accumulating precious metals, and fostering
national industries. Here’s a breakdown based on the
information provided:
Mercantilist Principles Implied in the Article