GEOFREY BOSIRE 1040814

VIVIAN WAFULA 104084

MARY AWINO 1040902
GABRIEL MKASA 1042371
IAAN MATHENGE 1040813

Font should be Time New Roman 12pts through out

Include a cover page

Overall the paper is well written. Kindly incorporate the changes and corrections in the final
assignment.
Assignment Two

Analysis Of the Economic Pillar

"Analyzing the economic pillar involves understanding its role in broader frameworks

like national development plans. Sustainable economic growth is a primary objective,

necessitating steady GDP (what is GDP) growth while ensuring benefits are equitably distributed

across society. Job creation is crucial for reducing poverty and maintaining social stability,

encouraging investment, entrepreneurship, and innovation. Innovation and technological

advancement are key drivers of economic development, requiring investments in R&D and

education. A focus on innovation fosters productivity, competitiveness, and resilience to external

shocks, aligning with the Economic Pillar's goals of balanced advancement, environmental

protection, and social inclusion within growth and development strategies." (you are using

citation given the use of the quotation marks, apply the rules, indicate the source)

Through cost-cutting measures, better product quality, and resource-use optimization, the

Economic Pillar seeks to increase productivity and competitiveness. For long-term growth and

resistance to external shocks, the economy must be diversified among numerous industries such

as manufacturing, services, and technology, hence lowering reliance on certain exports or sector

(citation)

1
By tackling economic and opportunity disparities, advancing gender equality, and advancing

social protection, the Economic Pillar places a high priority on inclusivity. It also highlights

resilience by investing in risk management and stable macroeconomic policies. A paragraph

should have 4-6 sentences

Important economic metrics, such GDP and GDP growth rate, are necessary to assess the

state of the economy. Sustainable GDP growth reflects the objectives of the Economic Pillar and

is defined as rising output, income, and employment opportunities. The unemployment rate is the

number of unemployed people who are actively looking for work. The Economic Pillar seeks to

lower unemployment and create jobs. Investment, trade, industrial, monetary, and fiscal policies

are all included in the policy framework (citation)

The economy can be divided into three main sectors: manufacturing, services, and

agriculture. We'll in academic writing we do not use first or second person, use third person. This

paper evaluates each sector's contributions to overall economic growth and development by

conducting a SWOT analysis.

Sector of Agriculture:

Strengths

i. Provide a large percentage of the population, especially in rural areas, a means of

subsistence.

ii. Helps promote self-sufficiency and food security.

iii. Provides chances for generating money through exporting agricultural goods.

Weaknesses

i. Susceptible to adverse weather patterns, vermin, and natural calamities, all of which

reduce yield.

2
 ii. Frequently typified by low productivity as a result of restricted access to contemporary

methods and technology.

iii. Efficiency is hampered by a lack of infrastructure, such as storage facilities and irrigation

systems.

Opportunities

i. Adoption of contemporary farming methods and equipment to boost output.

ii. Diversification into products with added value and high-value crops.

iii. Expenditure on agricultural extension services and rural infrastructure.

Threats

i. Global market price volatility has an impact on export revenue.

ii. Sustainability faces long-term difficulties from climate change and land degradation.

iii. Domestic output may be harmed by competition from less expensive imports.

Contribution to the expansion of the economy:

i. Agriculture still plays a critical role in providing food security and a living standard

for many economies, even though its GDP share has decreased.

ii. Increased incomes, rural development, and a decrease in poverty can result from

increases in agricultural productivity.

Manufacturing Industry

Strengths

creates jobs, especially for those in labor-intensive industries.

aids in industrialization and value addition.

encourages the transfer of technology, innovation, and skill building.

3
 Weaknesses

i. Production costs may rise if foreign machinery and materials are used.

ii. Growth is hampered by infrastructure limitations including power outages and

transit restrictions.

iii. Growth potential may be limited by a lack of financial resources and supportive

legislation.

Opportunities

i. Manufacturing with an export focus might take advantage of the world market and open

up new avenues.

ii. Specialization and competitiveness are opportunities provided by integration into global

value chains.

ii. Productivity may be increased by implementing sophisticated industrial technology like

automation and robotics.

Threats

i. Competition from foreign manufacturers with lower prices.

ii. Variations in trade tensions and worldwide demand.

iii. Supply chain disruptions, as observed in times of crisis like the covid-19 epidemic.

Contribution to the expansion of the economy

i. Manufacturing is a key driver of productivity increases, technical advancements, and

structural change in the economy.

Sector of Services

Strengths

4
 i. Active and diversified, with a wide range of subsectors including information

technology, healthcare, banking, and tourism.

ii. Frequently more scalable and less resource-intensive than industry and

agriculture.

iii. Can draw in foreign capital and provide substantial export revenue in sectors like

business services and tourism.

Weaknesses

i. Reliance on skilled workers, which could result in mismatches and a shortage of

skills.

ii. Certain service industries face bureaucratic obstacles and regulatory constraints.

iii. Susceptibility to economic downturns, especially in areas of discretionary

expenditure like hospitality and travel.

Opportunities

i. The expansion of e-commerce and the digital economy offers fresh chances for

creativity and business.

ii. Expansion of healthcare and educational offerings in response to growing

consumer demand, particularly in developing nations.

iii. Creation of infrastructure and financial services to enable inclusive growth and

financial inclusion.

Threats

i. Disruptions brought about by changes in technology, such digitalization and

automation.

5
 ii. Certain service industries are impacted by policy uncertainty and changes in

regulations.

iii. Pandemics and geopolitical unrest are examples of external shocks that might

affect travel-related services and the tourism industry.

Contribution to the expansion of the economy

i. In many economies, the services sector has grown in importance as a driver of

employment and economic growth, especially in the age of globalization and

digitization.

ii. It helps the economy become more resilient, diverse, and focused on higher-

value industries.

Regional differences in economic growth are caused by things like poor

governance, unbalanced resource distribution, restricted access to healthcare and

education, and inadequate infrastructure. Poorer investment, productivity, and

development prospects cause disadvantaged communities to struggle and

exacerbate the gap between inland and coastal, urban and rural areas.By focusing

on infrastructure, governance, education, and social inclusion, regional

development programs, decentralization, education efforts, public-private

partnerships, and inclusive growth policies seek to lessen gaps. In order to

achieve inclusive economic growth and development, successful models place a

strong emphasis on community involvement, creative funding, efficient

governance, and political commitment.

6
 References

references

Government of Kenya. (2007). Kenya Vision 2030: A Globally Competitive and Prosperous
Kenya. Retrieved from [link].
World Bank. (2021). Kenya Economic Update: Securing Growth for Kenya’s
Youth. Retrieved from [link].
African Development Bank. (2019). Kenya Country Strategy Paper 2018-2022.
Retrieved from [link].
United Nations Development Programme. (2020). Kenya Vision 2030: An Audit
of Performance and Gaps. Retrieved from [link].
Ministry of Planning, National Development, and Vision 2030. (2023). Kenya
Vision 2030 Mid-Term Review Report. Retrieved from [link].
(Note: The references are not actual links but placeholders for the sources used in
the analysis.)

https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/

general_format.html

Strictly adhere to APA referencing