ECS3705
Assignment 2
Semester 2 2024
QUESTIONS WITH ANSWERS
[School]
[Course title]
, ECS3705 Assignment 2 Semester 2 2024
“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)
Question 2
Based on the information in the article, from a mercantilist perspective, identify and explain
three ways in which Kenya’s strategic development of iron and steel industry can contribute to
increasing the country's export capacity and reducing reliance on imported goods. (18 marks)
Question 1: Identify and explain five mercantilist principles implied in the article (25
marks)
Mercantilism is an economic theory that emphasizes the accumulation of wealth, particularly
gold and silver, and the strengthening of national economies through trade, export-oriented
Assignment 2
Semester 2 2024
QUESTIONS WITH ANSWERS
[School]
[Course title]
, ECS3705 Assignment 2 Semester 2 2024
“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)
Question 2
Based on the information in the article, from a mercantilist perspective, identify and explain
three ways in which Kenya’s strategic development of iron and steel industry can contribute to
increasing the country's export capacity and reducing reliance on imported goods. (18 marks)
Question 1: Identify and explain five mercantilist principles implied in the article (25
marks)
Mercantilism is an economic theory that emphasizes the accumulation of wealth, particularly
gold and silver, and the strengthening of national economies through trade, export-oriented
