📋 Written Ability Test (WAT) / Essay Analysis Guide

🌍 Understanding the Importance

This topic encapsulates global economic integration, a critical theme for B-school students studying international trade, finance, and policy-making.

🕒 Effective Planning and Writing

⏱️ Time Allocation:

• 📑 Planning: 5 minutes.
• ✍️ Writing: 20 minutes.
• 🔍 Review: 5 minutes.

📚 Preparation Tips:

• 💡 Collect examples of successful and failed monetary unions.
• 📊 Highlight statistics on trade and currency-related inefficiencies.

✨ Introduction Techniques

• 🔄 Contrast Approach:
  “While the Euro boosted intra-EU trade, global adoption of a common currency faces hurdles like economic diversity and sovereignty concerns.”
• 💡 Solution-Based Introduction:
  “A global common currency could revolutionize trade, but only if it addresses disparities and integrates advanced technologies like blockchain.”

📑 Structuring the Essay Body

• ✅ Achievements:
  Highlight Eurozone successes, including trade boosts and reduced conversion costs.
• ⚠️ Challenges:
  Discuss economic disparities, policy resistance, and potential risks of contagion.
• 🔮 Future Outlook:
  Explore the potential of digital currencies and regional monetary unions.

📝 Concluding Effectively

• ⚖️ Balanced Perspective:
  “While a common currency could transform global trade, its feasibility depends on resolving economic disparities and ensuring equitable governance.”
• 🌍 Global Comparison:
  “Lessons from the Eurozone and emerging digital currency initiatives provide a roadmap for future discussions on global monetary integration.”

📃 Sample Short Essays

⚖️ Balanced Perspective:

“Adopting a common currency globally could simplify trade and enhance economic stability, but it requires addressing disparities and designing inclusive governance systems.”

💡 Solution-Oriented:

“By leveraging technology and regional monetary unions as stepping stones, a global common currency could become a reality, boosting global trade.”

🌍 Global Comparison:

“The Eurozone’s mixed success highlights both the benefits and challenges of a common currency, offering critical insights for global adoption.”