ECS3705 Assignment 2 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .. “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)
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