📋 Written Ability Test (WAT)/Essay Analysis Guide

🌍 Topic: Should Countries Adopt a Common Currency to Promote Global Economic Stability?

🌐 Understanding the Topic’s Importance

A global common currency raises significant questions about balancing economic integration with national sovereignty, relevant for B-school themes like international trade, monetary policies, and economic governance.

📚 Effective Planning and Writing

• Time Allocation:
  • ⏱️ Planning: 5 minutes
  • ✍️ Writing: 20 minutes
  • 🔍 Reviewing: 5 minutes
• Preparation Tips:
  • 📊 Collect examples from the Eurozone, trade statistics, and policy alignment challenges.

💡 Introduction Techniques for Essays

• ⚖️ Contrast Approach: “While the Euro unified 27 nations under one currency, it also exposed economic disparities during the 2008 crisis.”
• 🌱 Solution-Based Approach: “A common currency could stabilize global trade, but it requires addressing economic disparities first.”

📖 Structuring the Essay Body

• Achievements:
  • 🏆 Highlight successes of the Eurozone and the reduced trade barriers.
• Challenges with Comparative Analysis:
  • ⚠️ Discuss Greece’s crisis and ASEAN’s difficulties with regional currency integration.
• Future Outlook:
  • 🌍 Suggest gradual adoption models and policy harmonization.

🎯 Concluding Effectively

• ⚖️ Balanced Approach: “While a common currency could reduce trade frictions, its success depends on equitable economic policies and robust financial frameworks.”
• 🌍 Global Comparison Approach: “Learning from the Eurozone, a global currency requires unprecedented cooperation and structural readiness.”

🔍 Analyzing Successes and Shortcomings

• Key Achievements: Enhanced trade, stable exchange rates.
• Ongoing Challenges: Economic disparities, sovereignty concerns.
• Global Context: Eurozone vs. ASEAN experiences.

🔑 Recommendations for Sustainable Progress

• 🌐 Begin with regional integration and align fiscal policies.
• 🏛️ Create a central authority for oversight and crisis management.

📄 Sample Short Essays

• Balanced Perspective:
  

  “A global currency could eliminate trade barriers but requires careful policy alignment to prevent economic disparities.”

• Solution-Oriented:
  

  “Gradual regional integrations, like the Eurozone, provide a roadmap for a potential global currency.”

• Global Comparison:
  

  “Drawing lessons from Eurozone successes and ASEAN challenges, a global currency demands robust financial oversight and structural alignment.”