This essay focuses on the expansion of trade in industrial goods. Analyze how IT has improved industries, give specific examples of three (3) industries .Discuss both the improvement and the challenges.
Discussion Question 1 – CLO 1 Analyze how IT has improved industries .Give specific examples of three (3)
Improving the competitiveness of the industrial sector so as to enhance the expansion of trade in industrial goods.the Community and the export of industrial goods from the Partner States aimed at achieving structural transformation of the economy .fostering the overall socio-economic development in the Partner States.
The EAC Partner States, like many developing countries, aspire to transform their economies to a modern and industrialised status that can sustainably generate sufficient outputs to satisfy both domestic and export markets and rapidly increase per capita incomes to improve the living standards of their people.
The industrial sector in the region has developed into one of the main components of national and regional economic structures.
These efforts will also facilitate the identification of leverage elements that can be harness. Accelerate the industrialisation process in each Partner State.
The EAC Industrialisation process is guide by the following
The mission of the EAC Industrialisation Strategy is “to create a market driven, regionally and internationally competitive and balanced industrial sector based on the comparative and competitive advantages of the EAC region”.